Alta Equipment Group Acquires Martin Implement Sales, Inc.

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 Ginop Sales

December 16, 2021

Industrial Services

Alta Equipment Group Inc. has entered into a definitive agreement to acquire Ginop Sales, Inc., a privately held Kubota equipment dealer with three locations in Northern Michigan. The acquisition expands Alta's construction equipment footprint in Michigan (to ten locations) and strengthens its relationship with Kubota; Ginop reported approximately $65 million of revenue and $6.5 million of adjusted EBIT for the trailing twelve months ended August 2021.

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 Gibson Machinery

September 2, 2021

Industrial Services

Alta Equipment Group, Inc. has entered into a definitive agreement to acquire Gibson Machinery, LLC, a privately held heavy equipment distributor based near Cleveland, Ohio. The acquisition is intended to expand Alta’s construction equipment footprint in the Great Lakes/Northern Ohio region, adding OEM partners as well as service, rentals, parts, and equipment financing capabilities.

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 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.