Alta Equipment Group Inc. - Company Research Report
Company Overview
- Name of the Company: Alta Equipment Group Inc.
- Mission: Customers for life; innovating solutions and delivering diverse products with unparalleled support focusing on building lasting customer relationships.
- Founded & Founders: Alta began in 1984 with a single location in Detroit.
- Key People: No information is available.
- Headquarters: Livonia, Michigan.
- Number of Employees: No specific number found, but has a network of over 1,300 factory-trained technicians and a diverse team across 85 locations.
- Revenue: No information is available.
- Known For: Industry-leading in material handling and construction equipment, providing sales, service, and rental of a broad range of equipment.
Products
Product Offerings
Alta offers products across several domains, including:
1. Material Handling:
- New Equipment
- Used Equipment
- Rental Equipment
- Parts & Services
2. Construction:
- New Equipment
- Used Equipment
- Rental Equipment
- Parts & Services
3. Electric Vehicles:
- Solutions for fleet electrification, operation, and maintenance.
Product Descriptions
- Smart Racking Systems:
- Optimizes warehouse space efficiency through a variety of rack systems.
- Nikola TRE eTractor:
- Electric Tractor with a range of up to 330 miles. Focuses on fleet electrification.
Key Features
- Smart Racking Systems: Efficient organization of storage space.
- Nikola TRE eTractor: Advanced range and energy efficiency for electric tractors.
Recent Developments
Partnerships and Network Expansion
- CASE Construction Equipment Partnership:
- Alta Equipment Group is integrating CASE Power & Equipment of Pennsylvania into its dealer network, improving service in Pittsburgh, PA, and planning expansions in Central Pennsylvania.
New Products and Features
- No specific new product launches were detailed other than the existing focus on advanced fleet solutions like the Nikola TRE.
Other Developments
- Financial Announcements:
- Dates for financial results releases for third and fourth quarters for the fiscal year of 2022 were announced for investor relations.
- Key Initiatives:
- Agreement with BorgWarner for the service and distribution of direct current fast chargers.
Acquisitions
- PeakLogix Acquisition:
- Completed in June 2020, aimed at expanding service capabilities within the material handling industry.
Overall Analysis
Alta Equipment Group Inc. continues to lead as a prominent provider of material handling and construction equipment, with significant market presence in the U.S. and Canada through its broad network and recent strategic expansions. Their continued focus on customer relationships and service, alongside strategic partnerships and acquisitions, positions them strongly within their industry. Despite lacking specific current financial metrics like revenue, Alta's focus on integrated solutions and service expansion demonstrates robust industry positioning.
This report captures the current available data while highlighting areas with limited information such as specific financial metrics and detailed executive profiles. For further granularity, direct access to Alta's corporate disclosures and financial statements may be necessary.
