M&A Deal Summary

Alta Equipment Group Acquires Ecoverse

On October 18, 2022, Alta Equipment Group acquired distribution company Ecoverse for 59M USD

Acquisition Highlights
  • This is Alta Equipment Group’s 2nd transaction in the Distribution sector.
  • This is Alta Equipment Group’s largest (disclosed) transaction.
  • This is Alta Equipment Group’s 10th transaction in the United States.
  • This is Alta Equipment Group’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2022-10-18
Target Ecoverse
Sector Distribution
Buyer(s) Alta Equipment Group
Deal Type Add-on Acquisition
Deal Value 59M USD

Target

Ecoverse

Avon, Ohio, United States
Ecoverse is a full-line distributor of industry-leading environmental processing equipment. Ecoverse Industries was founded in 2001 and is based in Avon, Ohio.

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Buyer(S) 1

Buyer

Alta Equipment Group

Livonia, Michigan, United States
Category Company
Founded 1984
Sector Business Services
Employees3,000
Revenue 1.9B USD (2023)
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 11 of 13
Sector (Distribution) 2 of 3
Type (Add-on Acquisition) 11 of 13
State (Ohio) 3 of 3
Country (United States) 10 of 11
Year (2022) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Yale Industrial Trucks

Woodbridge, Ontario, Canada

Yale Industrial Trucks is a privately held Yale lift truck dealer with five locations in southeastern Canada. The company provides sales, service, and rental of material handling equipment throughout its territory, which encompasses Canada’s two largest population centers of Toronto and Montreal. Yale Industrial Trucks was formed in 1972 and is headquartered in Woodbridge, Ontario.

Buy $34M
FOLLOWING 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
Mergr

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