Intangible assets, net (Tables)

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible assets

Intangible assets, net consisted of the following:

	Estimated Useful Life	As of
		September 30, 2024		December 31, 2023
	(in years)	(in thousands)
Customer relationships	8-12	$	45,479	$	27,839
Tradenames	2-10	6,632		5,324
Acquired software	2.5	995		995
Non-compete agreements	2	584		584
		$	53,690	$	34,742
Less: Accumulated amortization		(11,239)		(8,196)
Intangible assets, net		$	42,451	$	26,546

Schedule of Estimated amortization expense

Based on the carrying value of the Company’s existing intangible assets as of September 30, 2024, the estimated amortization expense for the future years is as follows:

	Amount
	(in thousands)
2024 (excluding nine months ended September 30, 2024)	1,693
2025	6,349
2026	5,896
2027	5,466
2028	5,312
Thereafter	17,735
Total	$	42,451