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Announced

Completed

Alta Equipment Group completed the acquisition of Ault Industries.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Completed

Friendly

Canada

Specialty Retailers

Cross Border

equipment dealer

Single Bidder

Private

Majority

Synopsis

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Alta Equipment Group, a company that owns and operates integrated equipment dealership platforms in the US, completed the acquisition of Ault Industries, a specialty equipment dealer. Financial terms were not disclosed. “The acquisition of Ault represents Alta’s first investment in Canada for our growing construction segment. We are extremely excited to partner with the Ault team as they have built a high-performing equipment dealership in the aggregate and mining space, a growing end market in their region and for Alta. In addition to entering the major construction markets of Toronto and Montreal, we also eagerly embrace a new relationship with McCloskey, a market-leading OEM in the crushing and screening product category. We extend a warm welcome to the Ault team as they become part of the Alta family,” Ryan Greenawalt, Alta Equipment Group CEO.

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