Alta Equipment Group Acquires Ault Industries
November 19, 2023
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.
- Buyers
- Alta Equipment Group Inc.
- Targets
- Ault Industries Inc.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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