secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0000950170-23-050233
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023050233/0000950170-23-050233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023050233/altg-20230915.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-050233

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer