Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Summary of purchase price and purchase price allocation

A summary of the fair value of the assets acquired and the liabilities assumed in connection with the Magna acquisition is set forth below (in millions):


Purchase price
Cash paid by CSL	$	12.7
Total purchase price	$	12.7
Purchase price allocation
Cash	$	1.2
Accounts receivable		3.0
Prepaid expenses and other		1.2
Property, plant and equipment		8.8
Tradename		0.1
Total assets acquired		14.3
Accounts payable		(1.0)
Accrued expenses		(0.6)
Total liabilities assumed		(1.6)
Allocated purchase price	$	12.7

Bayou

Acquisitions

Summary of purchase price and purchase price allocation

A summary of the fair value of the assets acquired and the liabilities assumed in connection with the Bayou acquisition is set forth below (in millions):


Purchase price
Cash	$	17.5
Equity issued		33.0
Total purchase price	$	50.5
Purchase price allocation
Prepaid expenses & other	$	0.5
Property, plant and equipment		40.0
Land		0.6
Building and site improvements		2.3
Customer relationships		9.3
Total assets acquired		52.7
Accounts payable		(1.8)
Accrued expenses		(1.0)
Other long‑term liabilities		(1.0)
Total liabilities assumed		(3.8)
Goodwill		1.6
Allocated purchase price	$	50.5

ESCO

Acquisitions

Summary of purchase price and purchase price allocation

The following information below represents the preliminary purchase allocation related to the ESCO Acquisition (in millions):


Total estimated purchase consideration transferred
Cash	$	47.7
Seller's notes		7.0
Equity issued		5.0
Total estimated consideration transferred		59.7
Net assets acquired		44.4
Goodwill	$	15.3

Schedule of pro forma information

The following is supplemental pro-forma revenue, operating income, and net income had the acquisition of ESCO occurred as of January 1, 2016 (in millions):


		Six Months Ended June 30,
	2017			2016
Supplemental Pro Forma:
Revenue		$	83.6		$	22.8
Operating Loss		$	(11.6)		$	(2.3)
Net Loss		$	(13.2)		$	(6.8)