Alta Acquires Ginop Sales to Expand Product Portfolio of Construction Equipment.
MANews-(C)2009-2021
US-based equipment dealership platform Alta Equipment Group Inc. (NYSE: ALTG) has agreed to acquire the stock of Michigan-based equipment distributor Ginop Sales, Inc. to expand footprint of construction equipment to 10 locations in Michigan, the company said.
Ginop Sales, Inc., generated approximately USD 65m in revenue and had adjusted EBIT of approximately USD 6.5m for the trailing-twelve-month period ended August 2021.
Terms of the acquisition are expected to be disclosed upon closing.
The transaction is expected to close prior to year-end, subject to customary conditions.
Established in 1959, Ginop is an elite Kubota dealer and a source of sales, rentals, service and parts for the full line of Kubota equipment and...
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