M&A Deal Summary

Alta Equipment Group Acquires Martin Implement Sales

On July 31, 2020, Alta Equipment Group acquired business services company Martin Implement Sales

Acquisition Highlights
  • This is Alta Equipment Group’s 2nd transaction in the Business Services sector.
  • This is Alta Equipment Group’s 3rd transaction in the United States.
  • This is Alta Equipment Group’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-07-31
Target Martin Implement Sales
Sector Business Services
Buyer(s) Alta Equipment Group
Deal Type Add-on Acquisition

Target

Martin Implement Sales

Orland Park, Illinois, United States
Formed in 1945, Martin Implement Sales is a privately held premium equipment distributor with three branches in the Chicago metro area. Martin has an expansive range of new and used equipment available for sale or rent to contractors and municipal customers. Martin sells primarily construction and agricultural equipment in partnership with manufacturers and offers comprehensive services, including equipment financing, replacement parts, and factory-authorized service.

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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 3 of 13
Sector (Business Services) 2 of 5
Type (Add-on Acquisition) 3 of 13
State (Illinois) 1 of 2
Country (United States) 3 of 11
Year (2020) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Hilo Equipment & Services

Ronkonkoma, New York, United States

Hilo Equipment & Services is a distributor of material handling equipment with three branches in the New York City metro area. Hilo Equipment & Services was founded in 1977 and is based in Ronkonkoma, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 Howell Tractor and Equipment

Gary, Indiana, United States

Howell Tractor and Equipment LLC is a privately held heavy equipment dealer who has an expansive range of heavy construction, mining, material handling, and crane equipment available for sale or rent to its premium customer base.

Buy -
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