Alta Equipment Group Inc. (NYSE:ALTG) entered into a definitive agreement to acquire the Assets of Burris Equipment Company for $14 million on September 28, 2023. Burris generated approximately $40.6 million in revenue, $1.9 million in net income and EBITDA of $4.6 million for the trailing twelve-month period through July 2023. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2023. Latek Capital Corp., acted as the financial advisor to Burris.

Alta Equipment Group Inc. (NYSE:ALTG) completed the acquisition of the Assets of Burris Equipment Company for $16.7 million on October 13, 2023. Transaction was funded from a cash inflow of $91.3 million of net borrowings under our line of credit.