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Announced

Alta Equipment Group to acquire Ecoverse Industries for $58m.

Financials

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Transaction Value£51m
Consideration TypeCash, Ordinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales1.1x
EV/EBITDA5.74x
Share Price Premium-
One Off Charge-

Tags

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Domestic

Single Bidder

Private

Environmental / Waste Management

environmental processing equipment

Friendly

United States

Acquisition

Pending

Majority

Synopsis

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Alta Equipment Group, an operator of integrated equipment dealership platforms, agreed to acquire Ecoverse Industries, a full line distributor of environmental processing equipment, for $58m. “The acquisition of Ecoverse is exciting for our business as it represents our first investment into large-scale equipment distribution, giving us the master dealer rights to distribute best-in-class environmental equipment to dealers and customers throughout North America,” Ryan Greenawalt, Alta CEO.

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