Alta Equipment has entered into a definitive agreement with Vantage Equipment, a privately held construction equipment dealer, to acquire Vantage’s construction dealerships in an asset sale.
Vantage Equipment offers products serving the heavy end municipal construction market. Vantage represents several heavy-duty machinery manufacturers including Volvo CE and Gradall. As part of the acquisition, Alta takes over the distribution of Volvo CE products in Westchester County, the counties and boroughs of New York City, and Long Island. Vantage’s construction dealerships generated approximately $41 million in revenue.
Vantage marks Alta’s seventh acquisition since becoming a public company in February of 2020. To date in 2020, the company has deployed $151 million in capital into strategic acquisitions. These acquisitions have expanded the company’s geographic footprint, technician headcount, product lines, and OEM relationships.
