secwatch.observer — SEC 8-K summary
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Issuer:     ALTA EQUIPMENT GROUP INC. (ALTG)
CIK:        0001759824
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0000950170-23-053545
Event type: m_and_a
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023053545/0000950170-23-053545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1759824/000095017023053545/altg-20231013.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-053545

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