Alta Equipment Group Acquires PeakLogix, a Material Handling Solutions Provider and Systems Innovator
Alta Equipment Group Inc. Class A (ALTG)
Company Research
Source: Business Wire
LIVONIA, Mich.--(BUSINESS WIRE)--Alta Equipment Group Inc. (NYSE: ALTG) today announced that it has entered into a definitive agreement to acquire PeakLogix, a national material handling systems integrator located in Midlothian, Virginia. PeakLogix specializes in the design and installation of warehouse automation and storage systems and is recognized for designing customer solutions using the latest equipment and technology advancements to deliver process improvement and automation to its customers. PeakLogix generated approximately $25 million in revenue and $2 million in operating income in FY2019.Ryan Greenawalt, Chief Executive Officer of Alta, said, “The PeakLogix acquisition is a great strategic fit for Alta. The transaction is consistent with our strategy to grow our materials handling business, expand our geographic footprint and increase profitability through accretive acquisitions. PeakLogix will provide innovative, high technology products and service solutions across
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News
- Alta Equipment Group Inc. (NYSE:ALTG) Delivered A Weaker ROE Than Its Industry [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Board Refreshment [Yahoo! Finance]Yahoo! Finance
- Alta Equipment Group Announces Board Refreshment [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Alta Equipment Group Announces Board RefreshmentGlobeNewswire
- Alta Equipment Group Announces Preferred Stock DividendGlobeNewswire
ALTG
Earnings
- 3/14/24 - Beat
ALTG
Sec Filings
- 4/12/24 - Form 3/A
- 4/12/24 - Form 8-K
- 4/11/24 - Form SC
- ALTG's page on the SEC website