Business Acquisition (Tables)

3 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the consideration for the Lone Star Acquisition and the provisional amounts of identified assets acquired and liabilities assumed as of December 31, 2024 (unaudited, in thousands):

	Total
Cash and cash equivalents	$	9,984
Contracts receivable including retainage	96,491
Cost and estimated earnings in excess of billings on uncompleted contracts	3,972
Inventories	28,070
Prepaid expenses and other current assets	94
Property, plant and equipment	409,021
Operating lease right-of-use assets	2,006
Intangible assets	68,700
Total assets	618,338
Accounts payable	40,059
Billings in excess of costs and estimated earnings on uncompleted contracts	10,293
Accrued expenses and other current liabilities	342
Operating lease liabilities	2,006
Total liabilities	52,700
Goodwill	410,812
Total cash consideration transferred	654,200
Fair value of Class A common stock transferred	236,250
Total consideration payable	86,000
Total purchase price	$	976,450

Schedule of Pro Forma Revenues and Net Income

The following table presents pro forma revenue and net income as though the Lone Star Acquisition had occurred on October 1, 2023 (unaudited, in thousands):

	For the Three Months Ended December 31,
	2024		2023
Pro forma revenue	$	624,273	$	571,104
Pro forma net income	$	17,856	$	12,151