Acquisitions CON-E-CO Acquisition - The Company entered into a Stock Purchase Agreement, dated as of July 20, 2020, by and between Oshkosh Corporation for the purchase of the CON-E-CO concrete equipment company in Nebraska. The purchase price was $13.8 million, after adjustments, and was paid in cash. The Company's preliminary allocation of the purchase price resulted in the recognition of $3.9 million of intangible assets primarily consisting of customer relationships (8 year life) and trade name (15 year life). Significant inputs and assumptions used in determining the fair values of these intangible assets include management's forecasts of future revenues, earnings and cash flows, a discount rate based on the median weighted average cost of capital of the Company and select market competitors, and proportion of intangible assets acquired in relation to tangible assets. The acquisition provides the Company with a full-line concrete batch plant manufacturer, which will strengthen the Infrastructure Solutions segment. Results of operations have been consolidated from the date of acquisition. The following table summarizes the preliminary allocations of the total purchase price: (in thousands) Amount Cash $ 69 Accounts receivable 2,282 Inventories 8,128 Other assets 6,635 Intangible assets 3,879 Total assets acquired 20,993 Accounts payable and other (4,316) Advance customer deposits (2,839) Total liabilities assumed (7,155) Total purchase price $ 13,838 BMH Systems Acquisition - The Company entered into a Share Purchase Agreement, dated as of August 3, 2020, by and between BMH Systems ("St. Bruno") - for the purchase of the concrete equipment company in Montreal, Canada. The purchase price was $15.7 million, after adjustments, and was paid in cash. The Company's preliminary allocation of the purchase price resulted in the recognition of $5.3 million of goodwill and $6.8 million of other intangible assets primarily consisting of customer relationships (9 year life) and of trade name (15 year life). Significant inputs and assumptions used in determining the fair values of these intangible assets include management's forecasts of future revenues, earnings and cash flows, a discount rate based on the median weighted average cost of capital of the Company and select market competitors, and proportion of intangible assets acquired in relation to tangible assets. The acquisition provides the Company with a full-line concrete batch plant manufacturer, which will strengthen the Infrastructure Solutions segment. Results of operations have been consolidated from the date of acquisition. The goodwill is not expected to be deductible for income tax purposes. The following table summarizes the preliminary allocations of the total purchase price: (in thousands) Amount Cash $ 1,217 Accounts receivable 4,176 Inventories 1,986 Goodwill 5,258 Other assets 6,020 Intangible assets 6,822 Total assets acquired 25,479 Total liabilities assumed (9,779) Total purchase price $ 15,700