Acquisitions

3 Months Ended

Sep. 30, 2020

Acquisitions

Acquisitions

Note 4. Acquisitions

The Company can enhance its business and market share by entering into new markets in various ways, including starting up a new location or acquiring a business consisting of container, modular unit or mobile office assets of another entity. An acquisition generally provides the Company with operations that enables it to at least cover existing overhead costs and is preferable to a start-up or greenfield location. The accompanying consolidated financial statements include the operations of acquired businesses from the dates of acquisition.

Goodwill recognized is attributable primarily to expected corporate synergies, the assembled workforce and other factors.

The Company incurred approximately $323,000 during FY 2020 of incremental transaction costs associated with acquisition-related activity that were expensed as incurred and are included in selling and general expenses in the accompanying consolidated statements of operations.

There were no incremental transaction costs incurred and no acquisitions consummated in FY 2021.