Alta Equipment Co. will acquire Northland Industrial Truck Co. (NITCO), which includes Northland JCB, and operate them as wholly owned subsidiaries. The dealership operates in Massachusetts, Connecticut, New Hampshire, and Maine.
Alan Hammersley will continue as president/CEO of NITCO and Northland JCB reporting to Ryan Greenawalt, president/CEO of Alta.
“The Alta team has always held NITCO in the highest regard,” Greenawalt said in a prepared statement. “NITCO’s strength in the materials handling space, anchored by the Hyster and Yale brands, innovative solutions approach, and fast-growing Northland JCB Construction Equipment Group aligns with Alta’s vision and builds on our integrated
industrial, construction, and compact equipment capabilities.”
Hammersley said in a statement, “NITCO is very pleased to become part of the Alta family and continuing on our growth path as we enter into this next chapter in the evolution of the company. Together, we will continue to provide the highest level of support to our customers while working to meet the high standards that all our stakeholders deserve.”
Alta also distributes Volvo machines, and currently has 24 branches across the Great Lakes Region. This acquisition will add three locations in Massachusetts and one each in Connecticut, New Hampshire, and Maine.
The transaction is subject to approval and is expected to close within the next 45 to 60 days, Alta said.
Source: Alta Equipment
