Acquisition

9 Months Ended

Feb. 29, 2016

Acquisition

Acquisition

Note 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.  The purchase price has been allocated to intangible assets on a preliminary basis pending completion of the evaluation of the fair value of the assets acquired and liabilities assumed.  This business will operate as part of our Expeditionary Services segment.