Construction Equipment Guide
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Mon October 02, 2023 - Midwest Edition #21
Alta Equipment Group Inc. announced that it has entered into a definitive agreement to acquire Burris Equipment Company, a supplier of construction and turf equipment with three locations in Illinois.
"The acquisition of Burris will not only yield immediately accretive returns to shareholders but will also notably enhance our business in Illinois," said Ryan Greenawalt, chief executive officer of Alta.
"In addition to adding important infrastructure and industry talent to the Chicago area in our construction equipment segment, we also eagerly embrace new OEM relationships stemming from the Burris acquisition, while simultaneously expanding with existing OEM partners to best serve Burris customers.
"This acquisition will fortify our product support presence and rental capabilities in the market, opening doors for the growth of our high-margin parts and service business. We extend a warm welcome to the Burris team as they become part of the Alta family."
For more information, visit www.altaequipment.com and https://burrisequipment.com/home.