SurvivorIndustrials
What Happened to Alta Equipment Group?
Ticker: ALTGSPAC Year: 2019Merger: 2020
Return
-44.6%
Current Price
$5.54
Peak Price
$20.6
Trust Size
$1.3B
Summary
Alta Equipment Group is one of the largest pure-play industrial and construction equipment dealers in the United States, offering Volvo, Hyundai, and other major brands.
What Happened
Alta Equipment went public in February 2020 through a merger with B. Riley Principal Merger Corp, becoming the largest publicly traded industrial and construction equipment dealership platform. The company has pursued aggressive acquisition-driven growth, expanding across the Northeast, Midwest, and now nationally. Alta has grown revenue substantially but carries significant debt from its roll-up strategy.
Timeline
2019-03-26
S-1 Registration Filed
2020-01-23
Merger Proxy Filed (DEFM14A)