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Intangible Assets, Goodwill, Acquisitions and Divestitures (Tables)
12 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets as of September 30, 2024 and September 30, 2023 consisted of the following:

 

 

 

 

 

September 30, 2024

 

 

September 30, 2023

 

 

 

Estimated
Useful Life

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

Customer relationships

 

6-21 yrs.

 

$

715.9

 

 

$

(620.1

)

 

$

725.5

 

 

$

(594.1

)

Trademarks

 

12 yrs.

 

 

 

 

 

 

 

 

3.8

 

 

 

(2.9

)

Non-compete agreements

 

5 yrs.

 

 

 

 

 

 

 

 

2.7

 

 

 

(2.7

)

Total intangible assets

 

 

 

$

715.9

 

 

$

(620.1

)

 

$

732.0

 

 

$

(599.7

)

Schedule of Future Amortization Expense

Amortization expense is anticipated to be as follows in future years:

 

Fiscal Year Ended September 30,

 

 

 

2025

 

$

29.3

 

2026

 

 

21.8

 

2027

 

 

15.2

 

2028

 

 

11.1

 

2029

 

 

7.2

 

2030 and thereafter

 

 

11.2

 

 

 

$

95.8

 

Summary of Goodwill

The following is a summary of the goodwill activity for the periods ended September 30, 2023 and September 30, 2024:

 

 

 

Maintenance
Services

 

 

Development
Services

 

 

Total

 

Balance, September 30, 2022

 

$

1,792.7

 

 

$

216.1

 

 

$

2,008.8

 

Acquisitions (1)

 

 

10.7

 

 

 

1.9

 

 

 

12.6

 

Balance, September 30, 2023

 

$

1,803.4

 

 

$

218.0

 

 

$

2,021.4

 

Acquisitions (1)

 

 

0.1

 

 

 

 

 

 

0.1

 

Divestiture

 

 

(5.8

)

 

 

 

 

 

(5.8

)

Balance, September 30, 2024

 

$

1,797.7

 

 

$

218.0

 

 

$

2,015.7

 

 

(1)
The acquisitions adjustments include the immaterial impact of foreign currency and other prior year measurement period adjustments during the respective periods.