Acquisitions (Tables) - Westech Investment Advisors LLC

12 Months Ended

Dec. 31, 2023

Business Acquisition [Line Items]

Summary of the Consideration Paid

The following is a summary of consideration paid:

	Fair Value
Cash	$	105,262
Fair value of equity consideration		40,733
Total purchase consideration	$	145,995

Summary of Fair Value of the Net Assets Acquired as of the Acquisition Date

The following table presents the fair value of the net assets acquired as of the acquisition date:

	Fair Value
ASSETS
Cash and cash equivalents	$	8,807
Accounts receivable		12,632
Right-of-use assets		2,904
Prepaid expenses and other assets		378
Property and equipment		138
Intangible assets, net		50,300
Total assets acquired	$	75,159
LIABILITIES
Accounts payable and accrued expenses	$	13,555
Lease liabilities		2,957
Total liabilities assumed	$	16,512
Net identifiable assets acquired	$	58,647
Goodwill		87,348
Net assets acquired	$	145,995

Summary of the Fair Value of Identifiable Intangible Assets Acquired

The following table presents the fair value of the identifiable intangible assets acquired:

			Weighted-
			Average
			Amortization
	Fair Value		Period
Value of management and advisory contracts	$	43,500	9
Value of trade name		6,800	10
Total identifiable intangible assets	$	50,300

Summary of Unaudited Pro Forma Condensed Consolidated Results of Operations Attributable to the Acquisitions

The following unaudited pro forma condensed consolidated results of operations of the Company assumes the acquisition of WTI were completed on January 1, 2021:

	For the Year Ended December 31,
	2022		2021
Revenue		224,500	$	182,446
Net income attributable to P10		24,513		6,044