---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057736"
form_type: "8-K"
ticker: "ALTG"
cik: "0001759824"
company_name: "ALTA EQUIPMENT GROUP INC."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:42:51.374365+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alta Equipment acquires Ault Industries for $36M, enters Canadian market

## Summary
- Total purchase price $36.0M: $23.2M cash, $2.2M seller note, $10.6M in ALTG common stock (819,398 shares at $13, vesting over 5 years).
- Ault generated $50.3M revenue, $4.5M net income, $7.5M adjusted EBITDA for TTM through June 30, 2023.
- Expands Alta's construction segment into Ontario, Quebec, and Maritime provinces; adds exclusive McCloskey distributorship.
- Deal expected to be immediately accretive to free cash flow, profitability, EPS, and leverage ratios.
- Since 2020 IPO, Alta has completed 16 acquisitions contributing $537M revenue and $66M adjusted EBITDA (including Ault).

## SEC filing metadata
- accession: 0000950170-23-057736
- form_type: 8-K
- ticker: ALTG
- cik: 0001759824
- company_name: ALTA EQUIPMENT GROUP INC.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1759824/000095017023057736/0000950170-23-057736-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1759824/000095017023057736/altg-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057736
- JSON: https://secwatch.observer/filing/0000950170-23-057736.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057736.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.