Alta Equipment Group to Acquire ScottTech Integrated Solutions
LIVONIA, MICHIGAN – March 1, 2021 – Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “Company”) today announced that it has entered into an agreement with ScottTech Integrated Solutions (“ScottTech”), a privately held material handling company in Binghamton, New York.
ScottTech provides material storage and handling equipment as well as warehouse control software and turn-key systems. They are a premier provider of Warehouse Management, Inventory Control, Automated Material Handling, and Packaging Processing Systems: from custom and commercial-off-the-shelf software applications, to designing, specifying and implementing advanced hardware solutions across a wide swath of industry segments. ScottTech has provided systems to customers throughout the United States and internationally.
Michael Yezzi, President ScottTech Integrated Solutions said, “Our Team is excited to become part of the Alta Material Handling organization. Being among such a successful group will help expand our services throughout the existing Alta network. Our solutions will help the Alta clients become more competitive through innovation and automation.”
Alan Hammersley, President Alta Material Handling said, “This partnership marks a major milestone in the evolution of Alta Material Handling and significantly increases our ability to fully serve and compete in the marketplace. We could not be more excited about the opportunity this affords the enterprise and to welcome the ScottTech team to the Alta family.”
Terms of the ScottTech acquisition were not disclosed.
About Alta Equipment Group Inc.
Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S. Through its branch network, the Company sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment. Alta has operated as an equipment dealership for 36 years and has developed a branch network that includes 54 total locations across Michigan, Illinois, Indiana, New England, New York, Virginia and Florida. Alta offers its customers a one-stop-shop for most of their equipment needs by providing sales, parts, service, and rental functions under one roof. More information can be found at www.altaequipment.com.
Forward Looking Statements
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