M&A Deal Summary

Alta Equipment Group Acquires Yale Industrial Trucks

On July 6, 2022, Alta Equipment Group acquired automotive company Yale Industrial Trucks for 34M USD

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

M&A Deal Summary
Date 2022-07-06
Target Yale Industrial Trucks
Sector Automotive
Buyer(s) Alta Equipment Group
Deal Type Add-on Acquisition
Deal Value 34M USD

Target

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.

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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 10 of 13
Sector (Automotive) 2 of 2
Type (Add-on Acquisition) 10 of 13
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2022) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Ginop

Alanson, Michigan, United States

Ginop is an elite Kubota dealer and a trusted source of sales, rentals, service, and parts for the full line of Kubota equipment and attachments. Ginop was formed in 1959 and is based in Alanson, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 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.

Buy $59M
Mergr

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