Alta Equipment closes $14M acquisition of Burris Equipment (IL)

ALTA EQUIPMENT GROUP INC.

Acquisition of Burris Equipment closed Oct 13, 2023; $14M cash purchase price subject to working capital adjustments.
Burris generated $40.6M revenue, $1.9M net income, and $4.6M EBITDA for TTM through July 2023.
Burris operates three locations in Illinois, supplying construction and turf equipment.
Latek Capital served as Burris's financial advisor; deal was previously announced on Sep 28, 2023.

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