Note 4 . Business Combinations December 2018 acquisition of CPH On December 6, 2018, the Company consummated the Business Combination. This acquisition qualifies as a business combination under ASC 805. Accordingly, the Company will record all assets acquired and liabilities assumed at their acquisition-date fair values, with any excess recognized as goodwill. Goodwill recorded from the transaction represents the value provided by the Companys leading market share in a highly-fragmented industry. The following table represents the preliminary allocation of consideration to the assets acquired and liabilities assumed at their estimated acquisition-date fair values: Consideration paid: Cash $ 445,386 Fair value of rollover equity 164,908 Total consideration paid $ 610,294 Net assets acquired: Current assets $ 49,112 Intangible assets 220,700 Property and equipment 219,279 Liabilities assumed (117,608 ) Total net assets acquired 371,483 Goodwill $ 238,811 Note: Cash in table above is net of $1.0 million in cash acquired Identifiable intangible assets acquired consist of customer relationships of $168.7 million and trade names of $52.0 million. The customer relationships were valued using the multi-period excess earnings method. The Company determined the useful life of the customer relationships to be 15 years. The trade names were valued using the relief-from-royalty method. The Company determined the useful life of the trade name associated with Camfaud to be 10 years. The Company determined the trade names associated with Brundage-Bone and Eco-Pan to be indefinite. CPH incurred transaction costs of $14.2 million and debt extinguishment costs of $16.4 million independently prior to the Business Combination. Industrea incurred transaction costs of $18.8 million independently prior to the Business Combination, i.e. before December 5, 2018, of which $8.1 million was related to the payment of deferred underwriting commissions, and Industreas Pre-Business Combination financial results are not consolidated with the Predecessor (Note 2 ), these costs are not reflected in the Predecessor Financial Statements. Additional costs consisting of stock option and other compensation related expenses were recorded in connection with the Business Combination. These costs were solely contingent upon the completion of the business combination and did not include any future service requirements. As such, these costs will be presented on the line and are not reflected in either Predecessor or Successor financial statements. On the line describes those expenses triggered by the consummation of a business combination that were incurred by the acquiree, i.e. CPH, that are not recognized in the Statement of Operations of either the Predecessor or Successor as they are not directly attributable to either period but instead were contingent on the Business Combination. In conjunction with the Business Combination, there were $20.1 million of transaction bonuses and, as a result of change in control provision for stock-based awards, certain unvested stock-based awards immediately vested, resulting in the recognition of compensation expense of approximately $0.6 million. These expenses were not reflected in either the Predecessor or Successor consolidated statements of operations and comprehensive income (loss) periods, but instead are presented on the line. April 2018 acquisition of OBrien (Predecessor) In April 2018, Brundage-Bone entered into an asset purchase agreement to acquire substantially all assets of Richard OBrien Companies, Inc., OBrien Concrete Pumping-Arizona, Inc., OBrien Concrete Pumping-Colorado, Inc. and OBrien Concrete Pumping, LLC (collectively, OBrien or the OBrien Companies) for cash. This acquisition qualified as a business combination under ASC 805. Accordingly, the Predecessor recorded all assets acquired and liabilities assumed at their acquisition-date fair values, with any excess recognized as goodwill. Goodwill represents expected synergies from combining operations and the assembled workforce. The acquisition was part of the Predecessors strategic plan to expand their presence in the Colorado and Arizona markets. The following table represents the total consideration transferred and its allocation to the assets acquired and liabilities assumed at their acquisition-date fair values: Consideration paid: Cash, net of cash acquired $ 21,000 Total consideration paid $ 21,000 Net assets acquired: Inventory $ 140 Property, plant and equipment 16,163 Intangible assets 2,810 Total net assets acquired 19,113 Goodwill $ 1,887 Acquisition-related expenses incurred by the Predecessor amounted to $1.1 million of which $0.0 million was recognized in the Consolidated Statements of Income for the period November 1, 2017 through January 31, 2018 ( Predecessor) as the acquisition occurred after the aforementioned Predecessor period. Unaudited Pro Forma Financial Information The following unaudited pro forma financial information presents the combined results of operations for the Company gives effect to the Business Combination and the acquisition of the OBrien as if it had occurred on November 1, 2017. The unaudited pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of the results of operations that would have been realized if the Business Combination and the acquisition of the OBrien had been completed on November 1, 2017, nor does it purport to project the results of operations of the combined company in future periods. The unaudited pro forma financial information does not give effect to any anticipated integration costs related to the acquired company. The unaudited pro forma financial information is as follows: Successor Predecessor (in thousands) November 1, 2018 through January 31, 2019 November 1, 2017 through January 31, 2018 Revenue $ 24,396 $ 52,802 Pro forma revenue adjustments by Business Combination O'Brien - 3,254 CPH 33,970 - Total pro forma revenue $ 58,366 $ 56,056 Successor Predecessor November 1, 2018 through January 31, 2019 November 1, 2017 through January 31, 2018 Net (loss) income $ (22,575 ) $ 17,558 Pro forma net income adjustments by Business Combination O'Brien - (5,811 ) CPH (3,630 ) - Total pro forma net (loss) income $ (26,205 ) $ 11,747