4.	Acquisitions

The Company completed no acquisitions in the three months ended December 31, 2019. The Company completed 5 acquisitions for the fiscal year ended September 30, 2019.

The Company completed one acquisition for the three months ended December 31, 2018. On December 1, 2018, the Company purchased The Slalom Shop, LLC (‘‘Slalom Shop’’), a Texas boat retailer comprised of two stores. The acquisition expands the Company’s presence in the state of Texas, expands the Company’s product offering and strengthens its market share in a top boating market. The purchase price was $7.9 million with $1.6 million paid at closing, $5.1 million due to seller note payable which was paid in full during Fiscal 2019 and $1.3 million financed through a note payable to the seller bearing interest at a rate of 5.0% per year. The note is payable in one lump sum three years from the closing date, with interest payments due quarterly.

The table below summarizes the fair values of the assets acquired at the acquisition date, including the goodwill recorded as a result of this transaction.

($ in thousands)	Three months ended December 31, 2018
Prepaid expenses	$	26
Inventory		6,726
Property and equipment		3
Identifiable intangible assets		3,003
Goodwill		3,348
Liabilities assumed		(5,185	)
Total purchase price	$	7,921