ALTG - Our First Take On Alta Equipment Group

• SPAC-birthed Alta Equipment Group Inc.’s (ALTG) stock is up 300% from its March 2020 lows as a return to relative economic normalcy and its consolidation strategy are applauded by investors.
• With an additional emphasis on parts sales and service, the equipment dealership has employed funds from its reverse merger (and debt) to acquire ten companies since the start of 2020.
• With a March 2021 refinancing providing enough liquidity to stay on the acquisition trail and insider buying, Alta merited a deeper dive.
• Insiders have been small but consistent buyers of the stock in 2020. A full investment analysis follows in the paragraphs below.

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