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Acquisitions
12 Months Ended
Sep. 30, 2016
Acquisitions  
Acquisitions

17. Acquisitions

In the fiscal year ended September 30, 2016, the Company acquired certain assets and business operations of Peerless, a distributor of beauty products with 15 stores operating in the Midwestern region of the U.S. for approximately $23.9 million. The results of operations of Peerless are included in the Company's consolidated financial statements subsequent to the acquisition date. The Company recorded intangible assets subject to amortization of $7.8 million and goodwill of $13.1 million (which is expected to be deductible for tax purposes) in connection with this acquisition.

In addition, we completed several other individually immaterial acquisitions during the fiscal years 2016, 2015 and 2014 at the aggregate cost of approximately $2.3 million, $7.1 million and $4.9 million, respectively, and recorded intangible assets subject to amortization of $2.3 million, $2.2 million and $1.4 million in connection with these acquisitions. Further, we recorded goodwill in the amount of $2.8 million and $2.6 million, the majority of which is expected to be deductible for tax purposes, in connection with these individually immaterial acquisitions completed in the fiscal year 2015 and 2014, respectively.

We funded the acquisitions completed in the fiscal years 2016, 2015 and 2014 primarily with cash from operations and borrowings under the ABL facility.