ALTG - Mergers and acquisitions

Expands Company's North American Presence into Major Canadian Markets Alta Equipment Group Inc. (NYSE:ALTG) ("Alta" or "the Company") today announced that it has 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 company provides sales, service, and rental of material handling equipment throughout its territory, which encompasses Canada's two largest population centers of Toronto and Montreal. YIT has been a successful dealer since 1972, has more than 140 employees, 75 of which are service technicians and is headquartered in Woodbridge, Ontario. "The YIT acquisition is

Alta CE Adds Full-Lineup of Kubota Equipment to well-established Michigan Product Portfolio Alta Equipment Group Inc. (NYSE:ALTG) ("Alta") today announced that it has entered into a definitive agreement to acquire the stock of Ginop Sales, Inc., a privately held equipment distributor with three locations in Northern Michigan. This acquisition expands Alta's construction equipment footprint to ten locations in Michigan and expands its relationship with a leading OEM. Established in 1959, Ginop is an elite Kubota dealer and a trusted source of sales, rentals, service, and parts for the full line of Kubota equipment and attachments. Ryan Greenawalt, Chief Executive Officer of Alta, said, "T

Acquisition Expands Construction Equipment Business Within New England Region Alta Equipment Group Inc. (NYSE:ALTG) ("Alta") today announced that it has entered into a definitive agreement to acquire the assets of Ambrose Equipment, LLC., a privately held equipment distributor and the Northeast's premier asphalt equipment dealer for more than 33 years, with locations in New Hampshire and Massachusetts. The acquisition expands Alta's construction equipment footprint to 39 locations in 10 states. Based in Hooksett, New Hampshire, the family-owned Ambrose Equipment is the preeminent equipment solution provider in the LeeBoy dealer network. Ambrose offers a full line of industry-leading road

Alta Expands Engineering and Design Capabilities in its Construction Business Segment Alta Equipment Group Inc. (NYSE:ALTG) ("Alta") today announced that it has entered into a definitive agreement to acquire Midwest Mine Services LLC, a privately held company headquartered near Toledo, Ohio. Midwest Mine Services designs, fabricates, and installs full aggregate processing plants for quarries, mines and recycling operations throughout the United States and is well-established in the Ohio and Michigan markets. The company is also the authorized dealer for several original equipment manufacturers and their component supply partners, further expanding Alta's OEM relationships. Ryan Greenawal

Acquisition Expands Alta's Warehousing & Logistics Capabilities in its Material Handling Business Alta Equipment Group Inc. (NYSE:ALTG) ("Alta") today announced that it has acquired Baron Industries ("Baron"), a privately held dock & door company based in Woburn, MA. Baron is an established, leading provider of dock and door sales, service, and installation for the greater New England area. The company specializes in commercial overhead loading dock doors and equipment, hydraulic lifts, and vertical reciprocating conveyors. "This strategic acquisition jump starts our expansion in the loading dock & door equipment business and immediately positions Alta as a leading provider throughout th

LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (“Alta” or the “company”) (NYSE: ALTG), a leading provider of premium material handling and construction equipment and related services, today announced financial results for the fourth quarter and full year ended December 31, 2020. Note that Alta’s “Material Handling” segment was previously reported as the “Industrial” segment. CEO Comment: Ryan Greenawalt, Chief Executive Officer of Alta, said “Our strong fourth quarter operating performance and financial results capped off an incredibly successful year for Alta. In the fourth quarter, we saw continued improvement in our Material Handling and Construction businesses as ou