Dinsmore M&A Team Closes Acquisition of Yale Industrial Trucking by Alta Equipment Group, Inc.

September 1, 2022News Releases

Dinsmore mergers and acquisitions attorneys in Detroit were happy to represent Alta Equipment Group, Inc. (NYSE: ALTG) and its subsidiaries in its acquisition of Yale Industrial Trucks, Inc (“YIT”) and accompanying amendments to Alta’s credit facilities (including the establishment of a new $35 million Canadian denominated sublimit).

Alta sells, rents and provides parts and service for specialized equipment including lift trucks, integrated material handling systems, earth moving and other construction equipment making the company one of the largest equipment dealership platforms in the country. YIT is a lift truck dealer with five locations in Canada. The acquisition of YIT extends Alta’s operations into an international market for the first time, including Canada’s two largest population centers of Montreal and Toronto.

“At Alta we take the term ‘partner’ seriously,” said Alta Chief Financial Officer, Anthony Colucci.  “Jeff Hoover, Evonne Xu, and Ian Larkin have represented Alta in more than 15 acquisitions over the last several years and are truly partners in Alta’s growth.  Going into an international market for the first time was a challenging proposition but the Dinsmore team, as they always have, brought great resources, professional acumen and a business-first approach to the deal, which ultimately was a great success for Alta and our new business in Canada.  I don’t think of Jeff and his team as a “law firm”, they are our partners with high-end business capabilities that help us execute on strategic initiatives.”

Dinsmore’s team also included associate Lillian Belanger-Katzman and practice specialist Ashley Gratz, as well as several other subject matter specialists.

“We are grateful to have represented Alta in numerous transactions over the past several years as Alta continues to execute on its growth strategy,” Dinsmore’s Jeff Hoover said. “We truly appreciate the opportunity to help Alta expand both in the U.S. and now internationally.”

Hoover and his team joined Dinsmore last summer in Detroit and Chicago. They represent both buyers and sellers in middle-market strategic transactions averaging $250 million apiece, and ranging anywhere from $50 million up to $1 billion. Their clients are diverse, including private equity firms, multinational corporations and companies in heavy equipment, financial services, health care, cryptocurrency, defense, aerospace, hydroponics, industrial, automotive and more. They also specialize in financing and lending transactions on both corporate and real estate matters.