Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

INTANGIBLE ASSETS

The gross carrying amounts and accumulated amortization of intangible assets were as follows:

		Successor
	Weighted Avg. Remaining Life (Years)	June 30, 2025						December 31, 2024
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	14.1	$	684,966	$	(41,459)	$	643,507	$	658,783	$	(18,298)	$	640,485
Tradenames	14.1	100,627		(6,149)		94,478		98,392		(2,731)		95,661
Technology	4.1	5,029		(922)		4,107		4,925		(414)		4,511
		$	790,622	$	(48,530)	$	742,092	$	762,100	$	(21,443)	$	740,657

Amortization expense recognized on intangible assets was $13.2 million and $26.2 million for the three and six months ended June 30, 2025 (Successor), respectively, and $10.2 million and $20.1 million for the three and six months ended June 30, 2024 (Predecessor), respectively.