Acquisition

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Acquisition

(6) Acquisition

During the three months ended March 31, 2020, we completed one acquisition of a portable storage business which further strengthened our business in Dallas, Texas. The accompanying condensed consolidated financial statements include the operations of the acquired business from the date of acquisition. The aggregate purchase price for the assets acquired were preliminarily allocated based on their estimated fair values at the date of the acquisition. We have not disclosed the pro-forma impact of the acquisition on operations as it was immaterial to our financial position or results of operations in aggregate.

The components of the purchase price and net assets acquired during the three months ended March 31, 2020 are as follows (in thousands):

Net Assets Acquired
Rental fleet	$	3,265
Intangible assets:
Customer relationships		950
Non-compete agreements		50
Goodwill		570
Other assets		66
Liabilities		(93	)
Total purchase price	$	4,808