B. Riley Principal Merger Corp. Completes Business Combination with Alta Equipment; Alta Acquires Liftech and Flagler

Alta Equipment Group Acquires Hilo Equipment & Services

June 18, 2020

Industrial Services

Alta Equipment Group Inc. has entered into a definitive agreement to acquire Hilo Equipment & Services, a privately held material handling equipment distributor with three branches in the New York City metro area. Hilo generated approximately $50 million in revenue and $3.0 million of Adjusted EBITDA in FY2019; the acquisition expands Alta's footprint in the northeastern United States and strengthens its OEM partnerships and service capabilities.

Alta Equipment Group Acquires Ault Industries

November 19, 2023

Industrial Services

Alta Equipment Group (Livonia, Michigan) has acquired Ault Industries, a privately held Canadian equipment distributor with locations in Ontario and Quebec, for a total purchase price of $36.0 million. The acquisition expands Alta's construction equipment footprint into Canada (Toronto and Montreal markets), adds an exclusive McCloskey distributorship, and is expected to be accretive to the company's cash flow conversion and earnings per share.

Alta Equipment Group Acquires Burris Equipment Co.

October 19, 2023

Construction

Alta Equipment Group has agreed to acquire Burris Equipment Co., a three-location construction and turf equipment dealer and rental business based in Waukegan, Illinois, for $14.0 million in cash. The deal — expected to close in Q4 2023 — expands Alta's presence in the Chicago market, adds rental fleet capacity and OEM relationships, and preserves Burris's brand while the selling owners retire.

Alta Equipment Group Acquires Howell Tractor and Equipment, LLC

October 15, 2020

Industrial Services

Alta Equipment Group (NYSE: ALTG) has entered into a definitive agreement to acquire Howell Tractor and Equipment, a long-standing heavy equipment dealer serving Northern Illinois and Northwest Indiana. Howell Tractor, which operates facilities in Gary, Indiana and Peru, Illinois, generated approximately $33.1 million in revenue and $5.0 million of adjusted EBITDA in the trailing twelve months through July 2020; the deal expands Alta's presence in the Illinois/Northwest Indiana construction market.

Alta Equipment Group Acquires Martin Implement Sales, Inc.

July 31, 2020

Industrial Services

Alta Equipment Group Inc. has entered into a definitive agreement to acquire Martin Implement Sales, Inc., a privately held equipment distributor with three branches in the Chicago metro area. The acquisition expands Alta’s footprint in Illinois, broadens its OEM relationships and product/service capabilities; terms were not disclosed and the deal was expected to close in Q3 2020.

Alta Equipment Group Acquires Ambrose Equipment

December 15, 2021

Industrial Services

Alta Equipment Group Inc. has entered into a definitive agreement to acquire the assets of Ambrose Equipment, LLC, a family-owned equipment distributor and LeeBoy asphalt equipment dealer based in Hooksett, New Hampshire. The acquisition expands Alta's footprint to 39 locations across 10 states; Ambrose generated approximately $35 million of revenue and $3.1 million of adjusted EBITDA on a trailing-twelve-month basis. The asset purchase is expected to close before year-end, with terms to be disclosed upon closing.