2. ACQUISITIONS

From time to time, the Company enters into strategic acquisitions in an effort to better service existing customers and to attain new customers.

The Company acquired all of the outstanding stock of Calpipe Industries, LLC ("Calpipe") on September 29, 2017 and Flexicon Limited ("Flexicon") on September 1, 2017. On May 18, 2017, Unistrut, Ltd, a wholly-owned indirect subsidiary of the Company acquired all of the outstanding stock of Marco Cable Management ("Marco").

The purchase price was allocated to tangible and intangible assets acquired and liabilities assumed, based on their estimated fair values. The following table summarizes the Level 3 fair values assigned to the net assets acquired and liabilities assumed as of the acquisition date:



(in thousands)	Calpipe Industries, Inc.			Other			Total
Fair value of consideration transferred:
Cash consideration	$	110,155		$	87,649		$	197,804
Purchase price payable	2,278			—			2,278
Settlement of pre-existing relationship	(382		)	—			(382		)
Total consideration transferred	112,051			87,649			199,700
Fair value of assets acquired and liabilities assumed:
Cash	5,051			8,830			13,881
Accounts receivable	10,918			7,588			18,506
Inventories	20,319			7,222			27,541
Intangible assets	62,720			48,476			111,196
Fixed assets	3,665			8,286			11,951
Accounts payable	(1,601		)	(1,550		)	(3,151		)
Other	(8,213		)	(3,714		)	(11,927		)
Net assets acquired	92,859			75,138			167,997
Excess purchase price attributed to goodwill acquired	$	19,192		$	12,511		$	31,703

The following table summarizes the fair value of intangible assets as of the acquisition dates:



	Calpipe Industries, Inc.			Other
($ in thousands)	Fair Value		Weighted Average Useful Life (Years)	Fair Value		Weighted Average Useful Life (Years)
Customer relationships	$	56,124	10	$	45,411	10
Other	6,596		10	3,065		6
Total intangible assets	$	62,720	10	$	48,476	10

The purchase price allocation, intangible asset values and related estimates of useful lives for Calpipe and Flexicon are preliminary, as the Company is finalizing its fair value estimates of intangible assets, fixed assets and working capital items.