Related Party Transactions

9 Months Ended

Sep. 30, 2018

Related Party Transactions [Abstract]

Related Party Transactions

Note 12: Related Party Transactions

TPG Capital, L.P. (“TPG”) and PAG Asia Capital Limited (“PAG”) previously provided management and transaction advisory services to the Company pursuant to a management services agreement. Transaction advisory fees related to integration and financing activities were $0.6 million and $0.6 million for the three months endedSeptember 30, 2018 and 2017, respectively and $1.0 million and $0.6 million for the nine months endedSeptember 30, 2018 and 2017, respectively. Additionally, prior to its IPO the Company paid an annual fee of $4.3 million, payable quarterly, for management advisory services. In conjunction with the Company’s IPO, the management services agreement governing these payments was terminated and resulted in a termination fee of $11.9 million recorded in Operating, administrative and other for the three months ended September 30, 2018.

Transactions with equity accounted investees

For the three and nine months ended September 30, 2018 and 2017, the Company had no material sales or purchases with equity accounted investees.

As of September 30, 2018 and December 31, 2017, the Company had no material receivables or payables with equity accounted investees.

Receivables from affiliates

As of September 30, 2018 and December 31, 2017, the Company had receivables from affiliates of $31.0 million and $34.1 million and $215.9 million and $232.8 million that are included in Prepaid expenses and other current assets and Other non-current assets, respectively, in the unaudited condensed consolidated balance sheets. These amounts primarily represent prepaid commissions, retention and sign-on bonuses to brokers and other items such as travel and other advances to employees.