Volvo CE Honors Two Dealers for 2020 Performance
SHARE May 5, 2021
Volvo Construction Equipment (Volvo CE) has named Alta Equipment Company its 2020 Dealer of the Year in North America and it has also recognized Ascendum Machinery as the 2020 Uptime Dealer of the Year.
The Dealer of the Year award recognizes the North American dealership that best promotes the Volvo brand and the company’s core strategies: to provide the highest uptime in the industry, offer unique customer solutions, and ensure the best value at any stage in a machine’s lifecycle.
“The 2020 Dealer of the Year award shouldn’t come as much of a surprise given Alta Equipment’s notable successes and recent bold investments,” said Stephen Roy, president of Volvo CE North America. “They continue to demonstrate their commitment to the construction equipment industry through their ‘customer first’ and ‘uptime matters’ mantras, plus t
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Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “company”), a leading provider of premium industrial and construction equipment and related services, today announced the closing of its previously announced underwritten registered public offering of 1,190,000 depository shares (plus an additional 10,000 depository shares issued and sold pursuant to the exercise of the underwriters’ over-allotment option in full) at an initial public offering price of $25 per share, raising gross proceeds of $30,000,000 before deducting underwriting discounts, fees and other estimated offering expenses. Each depositary share represents a 1/1000th fractional interest in a share of the Company’s 10.00% Series A Cumulative Perpetual Preferred Stock.
Alta Equipment Group
Alta Equipment Group Inc., (Alta) has entered into a definitive agreement with Vantage Equipment LLC. (Vantage), a privately held construction equipment dealer operating three branches across New York State in Batavia, Syracuse, and Albany. Alta will acquire Vantage’s construction dealerships in an asset sale.
Since its founding in 2004, Vantage has offered a wide selection of high-quality products serving the heavy-end municipal construction market. Vantage represents several heavy-duty machinery manufacturers including Volvo Construction Equipment and Gradall.
As part of the acquisition, Alta takes over the distribution of Volvo CE products in most of the geographic area of New York State, excluding Westchester County, the counties and boroughs of New York City, and Long Island. Vantage’s construction dealerships generated approximately $41 million in revenue and had adjusted approximately $4.7 million earnings before interest, taxes, depreciation, and
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Alta Equipment Group Inc. Files S-1/A Registration Statement for Proposed Offering of Series A Perpetual Preferred Stock
Alta Equipment Group Inc. Files S-1/A Registration Statement for Proposed Offering of Series A Perpetual Preferred Stock Alta Equipment Group Inc. (NYSE: ALTG) (Alta or the Company), a leading provider of premium industrial and construction equipment and related services, today announced it has filed a registration statement on Form S-1/A with the U.S. Securities and Exchange Commission relating to the proposed public offering of depositary shares, each representing 1/1000th fractional interest in a share of the Company’s Series A Cumulative Perpetual Preferred Stock, with a liquidation preference equivalent to $25.00 per depositary share, subject to market and certain other conditions. The Company expects to grant the underwriters a 30-day option to purchase additional depositary shares in connection with the of
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Alta Equipment Group Inc. (NYSE: ALTG) (“Alta” or the “company”), a leading provider of premium industrial and construction equipment and related services, today announced the pricing of its underwritten registered public offering of 1,190,000 depository shares at an initial public offering price of $25 per share, raising gross proceeds of $29,750,000 before deducting underwriting discounts, the structuring fee and other estimated offering expenses. Each depositary share represents a 1/1000th fractional interest in a share of the Company’s 10.00% Series A Cumulative Perpetual Preferred Stock.
In connection with the offering, the company has granted the underwriters a 30-day option to purchase up to an additional 10,000 depositary shares. The offering is expected to close on or about December 22, 2020, subject to customary closing conditions.