Business Combinations (Tables)

6 Months Ended

Jun. 30, 2020

Peak Logix LLC

Business Acquisition [Line Items]

Summary of Net Assets Acquired from Acquisition

The following table summarizes the net assets acquired from the acquisition (amounts in millions):

Cash	$	3.0
Accounts Receivable		4.6
Inventory		0.4
Other assets		0.2
Property and equipment		0.2
Goodwill		6.1
Total Assets	$	14.5
Accounts payable		(1.5	)
Accrued expenses		(0.1	)
Other current liabilities		(3.9	)
Total Liabilities	$	(5.5	)
Net Assets Acquired	$	9.0
Assets acquired net of cash	$	6.0

Summary of Purchase Price Allocation

The following table summarizes the components of the purchase price at 6/12/2020:

Cash consideration paid	$	5.7
Promissory Note		1.0
Earn-out liability		2.3
Total purchase price	$	9.0

FlaglerCE Holdings LLC

Business Acquisition [Line Items]

Summary of Net Assets Acquired from Acquisition

The following table summarizes the net assets acquired from the acquisition (amounts in millions):

Cash	$	0.4
Accounts Receivable		15.1
Inventory		37.5
Prepaid and other assets		0.5
Property and equipment		50.7
Intangible Assets		14.0
Goodwill		5.0
Total Assets	$	123.2
Floor plan payable		(29.0	)
Accounts payable		(14.0	)
Accrued expenses		(4.1	)
Other liabilities		(0.3	)
Total Liabilities	$	(47.4	)
Net Assets Acquired	$	75.8
Assets acquired net of cash	$	75.4

Summary of Pro Forma Information

	6 Months ended June 30, 2020
	The Company			Flagler			Total
Total revenues	$	372.6		$	25.8		$	398.4
Net (loss) income	$	(21.1	)	$	(0.1	)	$	(21.2	)

Liftech Equipment Companies, Inc.

Business Acquisition [Line Items]

Summary of Net Assets Acquired from Acquisition

The following table summarizes the net assets acquired from the acquisition (amounts in millions):

Accounts receivable	$	4.4
Inventory		9.6
Other current & non-current assets		1.0
Property, plant, and equipment		5.9
Intangible Assets		0.7
Goodwill		2.0
Total Assets	$	23.6
Floor plan payable		(3.5	)
Accounts payable and accrued expenses		(1.6	)
Other liabilities		(0.1	)
Total Liabilities	$	(5.2	)
Net Assets Acquired	$	18.4

Northland Industrial Truck Co., Inc

Business Acquisition [Line Items]

Summary of Net Assets Acquired from Acquisition

The following table summarizes the net assets acquired from the acquisition (amounts in millions):

Accounts receivable	$	13.9
Other current & non-current assets		0.5
Inventory		35.7
Guaranteed purchase obligation asset		9.7
Property, plant, and equipment		18.8
Identifiable intangible assets		3.3
Goodwill		1.0
Total Assets	$	82.9
Accounts payable		(5.2	)
Guaranteed purchase obligation liability		(9.7	)
Capital lease obligations		(1.3	)
Other liabilities		(1.1	)
Total Liabilities	$	(17.3	)
Net Assets Acquired	$	65.6

Summary of Pro Forma Information

The Company, for this presentation, prorated NITCO pro forma financial information presented in our Registration Statement on Form S-1, filed with the SEC on March 25, 2020.

	6 Months ended June 30, 2019											3 Months ended June 30, 2019
	The Company			NITCO		Flagler			Total			The Company		NITCO			Flagler			Total
Total revenues	$	238.2		$	45.2	$	91.4		$	374.8		$	135.9	$	11.5		$	49.6		$	197.0
Net (loss) income	$	(2.2	)	$	1.0	$	(1.4	)	$	(2.6	)	$	0.4	$	(0.2	)	$	(1.5	)	$	(1.3	)