Acquisitions

12 Months Ended

May 31, 2016

Acquisition

Acquisition

13. Acquisition

        On December 4, 2015, we acquired certain assets of Vantem Modular LLC, which designs, manufactures, and distributes modular shelters. The purchase price of the acquisition was $4.8 million paid at closing with future royalties of up to $5.0 million. This business will operate as part of our Expeditionary Services segment.

        The fair value of net assets acquired is as follows:

Current assets	$	1.5
Equipment		0.5
Intangible assets		3.5
Contingent consideration		(2.0	)
Net assets acquired		3.5
Goodwill		1.3
Purchase price	$	4.8