Alta Equipment Group Acquires Ambrose Equipment



Alta Equipment Group entered into a definitive agreement to acquire the assets of Ambrose Equipment, a privately-held equipment distributor with locations in New Hampshire and Massachusetts. The acquisition will expand Alta Equipment Group’s construction equipment footprint to 39 locations in 10 states.

Based in Hooksett, NH, Ambrose Equipment is a solution provider in the LeeBoy dealer network, offering road equipment products and specialty attachments, as well as service, rentals and replacement parts.

“For over three decades, Ambrose has been the ‘go-to’ asphalt paving products dealer in New England,” Ryan Greenawalt, CEO of Alta Equipment Group, said, “With the acquisition of Ambrose, Alta Equipment now offers the most diverse road construction equipment portfolio of products and services in the New England region. By expanding our capabilities, OEM relationships within our territories, we continue to execute on our strategy of expanding our parts and service business and diversifying our offerings to customers.”

Ambrose Equipment generated approximately $35 million in revenue and had adjusted EBITDA of approximately $3.1 million for the trailing 12-month period ending in August 2021. Terms of the acquisition will be disclosed upon closing. The transaction is expected to close before year-end, subject to customary conditions.

Alta Equipment Group is an owner and operator of equipment dealership platforms and is not affiliated with The Alta Group.


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