Alta Equipment Group Acquires Howell Tractor and Equipment, LLC
October 15, 2020
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.
- Buyers
- Alta Equipment Group Inc.
- Targets
- Howell Tractor and Equipment, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
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