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ALTG - Alta Equipment Group to acquire Vantage Equipment
Alta Equipment Group Inc. Class A
Alta Equipment Group (ALTG) has entered into a definitive agreement with Vantage Equipment, to acquire Vantage’s construction dealerships in an asset sale.Vantage’s construction dealerships generated ~$41M in revenue and had adj. EBITDA of ~$4.7M in the trailing 12 months through Sept. 30, 2020.The acquisition solidifies Alta’s presence in New York state by adding construction dealership.Terms were not disclosed and is expected to close before year-end 2020.