Avon, Ohio – October 18, 2012 – Ecoverse Industries Ltd. is pleased to announce that it has entered into a definitive agreement to be acquired by Michigan-based Alta Equipment Group, anticipating closing before the end of 2022. This transaction provides Ecoverse with access to Alta’s substantial resources while keeping their existing brand, sales and management structure fully intact. In conjunction, Alta gains the significant addition of market leading environmental equipment brands and proven solutions expertise for dealers and customers throughout North America.
“This is a huge win for Ecoverse and our customers,” shares Ecoverse President Hugh Fagan. “The importance of environmental processing equipment to the organics and waste industry is now well-established, and Alta has recognized the value we have created over the years. Alongside their forward-thinking leadership we developed a sound strategy within our market, and are very excited to fulfill this role as part of the Alta family.”
Established in 2001, Ecoverse has grown to include eight equipment brands sold and serviced throughout the United States and Canada within an exclusive distribution network, and further supported with regional product specialists in each territory. As part of the Alta Equipment Group, Ecoverse customers can expect an increased focus on parts, service, training and machine uptime coupled with an expanding solutions-based offering of cutting-edge environmental equipment. With the expanded presence of Alta’s geographic footprint and resources, this further solidifies Ecoverse’s brand reputation as the industry’s leading organic and environmental material processing expert.
“The acquisition of Ecoverse is exciting for our business as it provides us the master dealer rights to distribute best-in-class environmental equipment to dealers and customers throughout North America,” adds Alta Chief Executive Officer Ryan Greenawalt. “Ecoverse has a long standing track record in the environmental processing equipment space, and this acquisition immediately positions Alta as an industry leader in a sector where demand for eco-friendly waste solutions and recycling continues to grow.”
Both companies look forward to the expanded capability each provides the other. Together, Ecoverse Industries Ltd. and Alta Equipment Group are the clear industry leader in environmental processing equipment sales, service, support and solutions for customers in any application, anywhere in North America.
About Ecoverse Industries Ltd.
Ecoverse is headquartered in Avon, Ohio with satellite locations in Nevada and Ontario and regional product specialists positioned to support customers throughout the United States and Canada. Their world-class environmental equipment offering includes Doppstadt, Backers, BACKHUS, Tiger and CK brands, as well as the self-manufactured brands EcoSift, EcoScreen and EcoStack. For information on Ecoverse, or any of their products and locations, visit www.Ecoverse.net.
About Alta Equipment Group Inc.
Alta sells, rents, and provides parts and service support for several categories of specialized equipment, including lift trucks, aerial work platforms, cranes, earthmoving and other material handling and construction equipment. Alta has operated as an equipment dealership for 38 years and has developed a branch network that includes over 65 total locations across Michigan, Illinois, Indiana, New England, New York, Virginia, Florida, Ohio, Ontario, and Quebec. Alta offers customers a one-stop-shop for their equipment needs through its broad, industry-leading product portfolio. For information on Alta, or any of their products and locations, visit www.altaequipment.com.