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home / news releases / ALTG - Alta Equipment Group buys Baron Industries for ~$2 million

ALTG - Alta Equipment Group buys Baron Industries for ~$2 million

Alta Equipment Group Inc. Class A
Alta Equipment Group (NYSE:ALTG) acquired Baron Industries, a privately held dock & door company based in Woburn, MA. The commercial terms were not disclosed. Baron specializes in commercial overhead loading dock doors and equipment, hydraulic lifts, and vertical reciprocating conveyors. The addition expands Alta’s warehousing & logistics capabilities in its material handling business. Baron generated ~$6.0 million in revenue and had adjusted EBITDA of ~$0.4M in the latest fiscal year. The total purchase price is expected to be less than $2.0 million (includes a $0.8M goodwill premium).

For further details see:

Alta Equipment Group buys Baron Industries for ~$2 million
Stock Information
Company Name: Alta Equipment Group Inc. Class A
Stock Symbol: ALTG
Market: NYSE
Website: altaequipment.com
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