Alta Equipment Group, Livonia, Mich., has entered into a definitive agreement to acquire Martin Implement Sales, a privately held premium equipment distributor with three branches in the Chicago metro area.
Martin has an expansive range of new and used equipment available for sale or rent to contractors and municipal customers. Martin sells primarily construction and agricultural equipment in partnership with manufacturers, and offers comprehensive services, including equipment financing, replacement parts and factory-authorized service. Martin was recognized as a 2020 Top Equipment Dealer by SATISFYD and generated approximately $28 million in revenue in 2019.
“We are excited to welcome the Martin team to the Alta family. Adding this exceptional equipment distributor accelerates our growth in the Illinois construction market and broadens our best-in-class product portfolio and service capabilities,” said Ryan Greenawalt, CEO, Alta. “We look forward to working with the Novak family and Steve Martin to build on the successful company that they have built.”
Terms of the acquisition were not disclosed. The transaction is expected to close in the 2020 third quarter, subject to customary conditions.
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