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Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 19 — SUBSEQUENT EVENTS

On October 1, 2021, the Company closed its acquisition of all the assets of Gibson Machinery, LLC (“Gibson”), a privately held premium equipment distributor based in Oakwood Village, near Cleveland, Ohio. The purchase price for the acquisition was $15.5 million and consisted of $11.1 million of cash paid at closing. The Company assumed $4.4 million of equipment financing at closing. The purchase price is subject to certain post-close adjustments. Included in the purchased assets of Gibson are approximately $1.2 million worth of floorplan-eligible new equipment inventory, yielding an enterprise value at close of approximately $14.3 million.