Alta Equipment Group to acquire Yale Industrial Trucks.

Alta Equipment Group, an equipment dealership platform, agreed to acquire Yale Industrial Trucks, a ruck dealer. Financial terms were not disclosed. “The YIT acquisition is consistent with our growth strategy, which includes expanding into new markets which offer substantial opportunities to increase the scale of our business. This acquisition extends our operations into an international market for the first time and bridges our existing US territories. It will benefit our Material Handling business as Quebec and Ontario represent approximately 80% of the market opportunity in Canada, and the greater Toronto area is one of the top five industrial distribution markets in North America. Culturally, they have a rich 50-year history of providing outstanding service to customers in the Canadian market which fits with our focus. We’re pleased to welcome YIT to the Alta family," Ryan Greenawalt, Alta CEO.