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      • Low Level Access
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      • Stock Pickers
      • Telehandlers
      • Carpet Extractors
      • Floor Machines
      • Scrubbers
      • Specialty Products
      • Sweeper-Scrubbers
      • Sweepers
      • Vacuums
      • Forklifts - 3 Wheel Electric
      • Forklifts - 4 Wheel Electric
      • Container Handlers
      • Electric Walkie
      • Forklifts - High Capacity
      • Forklifts - Internal Combustion
      • Multi-Directional Forklifts
      • Forklifts - Narrow Aisle
      • Order Pickers
      • Pallet Movers
      • Rough Terrain and Truck Mount
      • Burden Carriers
      • Die Handlers
      • Elite Counterbalance
      • Explosion Proof
      • Personnel Carriers
      • Specialty Vehicles
      • Stock Chasers
      • Straddle Carriers
      • Tow Tractors
      • Yard Spotter/Terminal Tractor
      • View All New Equipment

        Explore our selection of aerial lifts, forklifts, floor cleaning equipment, specialty equipment and more.

        View All Forklifts

        From efficient electric forklifts to high-capacity internal combustion engine lift trucks, we carry some of the most advanced and innovative models on the market.

    • Used Equipment
      • From pre-owned forklifts to used aerial lifts, telehandlers, material handling vehicles, and more, you’ll find it at Alta Material Handling. Browse our inventory and request a quote or call to inquire.

        View Inventory
    • Parts & Service
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      • Fleet Management
      • Need emergency help? We offer guaranteed response times for customers on our service programs, with forklift service available 24 hours a day, 365 days a year.

        Learn More
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    • Tires
      • The Alta Tire Group is one of the largest material handling tire sales and service organizations in the United States. Alta is factory direct, handling multiple O.E. and performance lines. No matter your lift truck application or model, we have the right tires for you.

        Learn More About our Forklift Tire Services
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      • Energy Saving Products
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      • Alta Equipment Company is more than a dealer. We're your partner in Construction Equipment. Check out our current promos.

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      • Aggregate Equipment
      • Agriculture
      • Asphalt / Concrete Paving
      • Compact Equipment
      • Cranes
      • Earthmoving
      • Mowers
      • Plows
      • Power Systems
      • Recycling / Demolition
      • Trailers
      • View Construction Equipment

        Contractors and construction companies throughout the Midwest look to Alta Equipment Company as their source for construction equipment.

        View Construction Parts & Services

        For more than 8 years, Alta Equipment has offered our customers in the construction industry consistent, responsive, high-value service.

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        Alta Equipment's investment in service includes an extensive parts inventory for all equipment makes and models. Parts are stocked based on customer equipment in the field as well as parts purchase history. That means more parts are on the shelf when customers need them.

        View Service

        We offer service for all makes and models of heavy construction equipment, investing in over 200 highly-trained technicians and cutting-edge technology in order to offer the best range of service solutions in the Midwest. We offer guaranteed response times for customers on our service programs, and have service available 24 hours a day, 365 days a year.

    • Rental
      • Alta Rents has partnered with the very best construction manufacturers to deliver the most reliable rental equipment.

        View Rental Equipment
      • View Rental Locations

        Whether you’re in Detroit, MI, Bangor, ME, or anywhere in between, contact Alta Equipment Company today to take your project to the next level.

        View Rental Policies

        View our rental policy regarding our equipment and tool rentals.

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        Contact Us
  • Electric Vehicles
    • Electric Vehicles
      • Opting to go electric isn’t always simple, but it can be an incredible boost to a fleet’s ROI and performance. Alta eMobility was formed to handle every step in converting your fleets to electric power.

        Alta eMobility
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  • Current: Alta Equipment Group to Acquire Hilo Equipment & Services

Alta Equipment Group to Acquire Hilo Equipment & Services


  • Categories:
  • Featured

06/18/2020
New York-based Material Handling Equipment Distributor Further Strengthens Alta’s Northeast Footprint

LIVONIA, Mich.--(BUSINESS WIRE)-- Alta Equipment Group Inc. (NYSE: ALTG) today announced that it has entered into a definitive agreement to acquire Hilo Equipment & Services, a privately held distributor of material handling equipment with three branches in the New York City metro area. Hilo sells new and used material handling equipment, partnering with industry leading manufacturers including Hyster-Yale Group Inc., Kelley and JLG, and offers repairs and maintenance with an award-winning service team. Hilo generated approximately $50 million in revenue and had Adjusted EBITDA of approximately $3.0 million in FY2019.

Ryan Greenawalt, Chief Executive Officer of Alta, said, “Hilo aligns perfectly with our growth strategy by expanding our distribution footprint with best-in-class OEMs and adding valuable and talented employees who will help drive our “Customers for Life” mantra. Hilo’s strategic presence in the New York City area gives us a major market foothold and strengthens our overall coverage of the northeastern United States. We are delighted to welcome the Hilo team to the Alta family.”

Terms of the acquisition were not disclosed. The transaction is expected to close in early Q3 2020, subject to customary conditions.

About Alta Equipment Group Inc.

Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S. 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 has operated as an equipment dealership for 35 years and has developed a branch network that includes 43 total locations across Michigan, Illinois, Indiana, New England, New York and Florida. Alta offers its customers a one-stop-shop for most of their equipment needs by providing sales, parts, service, and rental functions under one roof. More information can be found at www.altg.com.

Forward-Looking Statements

This press release includes certain statements that may constitute “forward-looking statements” for purposes of the federal securities laws, including information regarding purchases by the Company of its common stock pursuant to any Rule 10b5-1 trading plans. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company’s common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities listed on the New York Stock Exchange; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company does not undertake to update any forward looking statements or information, including those contained in this report.

Contacts

Investors:
Bob Jones / Taylor Krafchik
Ellipsis
IR@altg.com
(646) 776-0886

Media:
Glenn Moore
Alta Equipment
glenn.moore@altg.com
(248) 305-2134


Source: Alta Equipment Group Inc.

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