Alta Equipment Group to Acquire Howell Tractor and Equipment
OCT 19, 2020 - 6:50 am
Alta Equipment Group entered into a definitive agreement to acquire Howell Tractor and Equipment, a privately held heavy equipment dealer serving Northern Illinois and Northwest Indiana.
Howell Tractor has a range of heavy construction, mining, material handling and crane equipment available for sale or rent. Howell Tractor provides professional service out of two facilities in Gary, IN, and Peru, IL. Howell Tractor generated approximately $33.1 million in revenue and had adjusted EBITDA of approximately $5 million in the trailing 12 months through July 2020.
“We are excited to welcome Howell Tractor to the Alta family,” Ryan Greenawalt, CEO of Alta, said. “As we continue to expand our presence in the Illinois and Northwest Indiana markets, adding an industry leader like Howell Tractor bolsters our best-in-class service offerings and product portfolio. We intend to build on the strength of Howell Tractor’s reputation as a premier service provider and the partnerships it has established with leading manufacturers to enhance our overall customer experience.”
Terms of the acquisition were not disclosed. The transaction is expected to close in Q4/20, subject to customary conditions.
Alta owns and operates an equipment dealership platform in the U.S.
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