Alta Acquires Ambrose Equipment to Expand Construction Equipment Footprint.
MANews-(C)2009-2021
Michigan, US-based integrated equipment dealership platform Alta Equipment Group Inc. (NYSE: ALTG) has agreed to acquire the assets of New Hampshire-based equipment distributor Ambrose Equipment, LLC to expand construction equipment business, the company said.
Terms of the transaction were not disclosed.
Alta's construction equipment footprint to 39 locations in 10 states.
Ambrose Equipment generated approximately USD 35m in revenue and had adjusted EBITDA of approximately USD 3.1m for the trailing 12-month period ended August 2021. Terms of the acquisition will be disclosed upon closing.
Alta Equipment Group...
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