LIVONIA, Mich.–(Enterprise WIRE)–Alta Equipment Team Inc. (NYSE: ALTG) (“Alta”) today introduced that it has entered into a definitive settlement to obtain Gibson Equipment, LLC, a privately held quality tools distributor primarily based in Oakwood Village, in the vicinity of Cleveland, Ohio. The acquisition expands Alta’s building tools footprint to 32 destinations in eight states and adds various new initial machines manufacturing (OEM) partners.

The family-owned Gibson Machinery presents a whole-line of field-major weighty products product lines and specialty attachments, as very well as services, rentals, substitute sections and tools funding. Gibson serves a large selection of consumers in the development, recycling and steel and demolition marketplaces.

Ryan Greenawalt, Main Government Officer of Alta, said, “Adding the Gibson staff to the Alta spouse and children supports our development inside of the Good Lakes area though broadening our best-in-class solution portfolio and provider abilities. The transaction offers a very good