Alta Equipment to acquire Burris Equipment for $14M; Burris TTM revenue $40.6M, EBITDA $4.6M

ALTA EQUIPMENT GROUP INC.

Purchase price $14M cash at close, subject to working capital adjustments; expected close Q4 2023.
Burris generated TTM revenue $40.6M, net income $1.9M, EBITDA $4.6M through July 2023.
Deal structured as asset acquisition; expected to be immediately accretive to leverage, profitability, and EPS.
Alta completed 15 acquisitions since 2020 IPO, contributing $487M revenue and $58M Adjusted EBITDA.

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