M&A Deal Summary

Alta Equipment Group Acquires Ault

On November 2, 2023, Alta Equipment Group acquired distribution company Ault for 36M USD

Acquisition Highlights
  • This is Alta Equipment Group’s 3rd transaction in the Distribution sector.
  • This is Alta Equipment Group’s 2nd largest (disclosed) transaction.
  • This is Alta Equipment Group’s 2nd transaction in Canada.
  • This is Alta Equipment Group’s 1st transaction in Quebec.

M&A Deal Summary

Date 2023-11-02
Target Ault
Sector Distribution
Buyer(s) Alta Equipment Group
Deal Type Add-on Acquisition
Deal Value 36M USD

Target

Ault

Waterloo, Quebec, Canada
Ault is an equipment distributor that provides customers with state-of-the-art equipment and the fastest, most efficient service possible. It is a distributor of brands including McCloskey International, Lippmann, MDS, Superior, and McCloskey Washing Systems. Ault is based in Waterloo, Quebec.

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Buyer(S) 1

Buyer

Alta Equipment Group

Livonia, Michigan, United States

Category Company
Founded 1984
Sector Business Services
Employees2,900
Revenue 1.9B USD (2024)
DESCRIPTION

Alta Equipment Group owns and operates equipment dealership platforms. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment. Alta Equipment Group was incorporated in 1984 and is based in Livonia, Michigan.


DEAL STATS #
Overall 13 of 13
Sector: Distribution M&A 3 of 3
Type: Add-on Acquisition M&A Deals 13 of 13
State: Quebec M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2023 M&A 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-28 Burris Equipment

Waukegan, Illinois, United States

Burris Equipment is a provider of construction and turf equipment with three locations in Illinois.

Buy $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-03 Alta Dock & Door

Bohemia, New York, United States

Alta Dock & Door provides installation, repair, and customized solutions for warehouses, storage facilities, and specialized operations, supporting operational efficiency and safety. The company serves industries including food and beverage, pharmaceutical, logistics, and industrial facilities. Alta Dock & Door was established in 2021 and is headquartered in Bohemia, New York.

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