ALTG - Alta acquires a privately held heavy equipment dealer at undisclosed terms

Alta Equipment Group (ALTG) has entered into a definitive agreement to acquire a private company, Howell Tractor and Equipment, for undisclosed terms.Howell Tractor and Equipment is a heavy equipment dealer serving Northern Illinois and Northwest Indiana. In the trailing 12 months through July 2020, Howell Tractor generated ~$33.1M in revenue and had adjusted EBITDA of ~$5.0M."As we continue to expand our presence in the Illinois and Northwest Indiana markets, adding an industry leader like Howell Tractor bolsters our best-in-class service offerings and product portfolio," says Alta CEO Ryan Greenawalt.The transaction is expected to close in Q4 2020, subject to customary conditions.

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Alta acquires a privately held heavy equipment dealer at undisclosed terms