Alta Equipment Group Acquires Hilo Equipment & Services

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 Yale Industrial Trucks

July 6, 2022

Industrial Services

Alta Equipment Group entered into a definitive agreement to acquire Yale Industrial Trucks, Inc. (YIT), a privately held Yale lift truck dealer with five locations in southeastern Canada. The transaction expands Alta’s North American presence into major Canadian markets, including Toronto and Montreal, with closing expected in the third quarter.

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.

Alta Equipment Group Acquires Midwest Mine Services

November 18, 2021

Industrial Services

Alta Equipment Group Inc. agreed to acquire Midwest Mine Services LLC to expand its engineering and design capabilities within its construction business segment and broaden its aggregate-processing solutions across Alta's branch network. Midwest Mine Services, headquartered near Toledo (Northwood), Ohio, generated approximately $17 million in revenue and $1.3 million of adjusted EBITDA for the trailing twelve months ended July 2021; terms were not disclosed and the transaction was expected to close in Q4 2021.

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.