Alta Acquires Aggregate Company

Alta Equipment Group has entered into a definitive agreement to acquire Midwest Mine Services LLC.

Located in Toledo, Ohio, Midwest Mine Services designs, fabricates, and installs full aggregate processing plants for quarries, mines, and recycling operations throughout the United States and is well-established in the Ohio and Michigan markets. The company is also the authorized dealer for several original equipment manufacturers and their component supply partners, further expanding Alta’s OEM relationships.

“Strategically, this acquisition expands our expertise in a construction end market with ever-increasing demand for high-end engineering and design services,” said Ryan Greenawalt, Alta’s CEO, in a prepared statement. “Our current presence with customers in the aggregate processing industry will help drive synergies and cross selling opportunities between Midwest Mine and our existing business.

“The company has the ability to operate across the entire United States, which will allow us to deploy Midwest Mine’s solutions throughout our footprint and beyond,” Greenawalt said.

According to Alta, Midwest Mining Services generated approximately $17 million in revenue for the trailing-12-month period ended July 2021. Terms of the acquisition were not disclosed. The transaction is expected to close in the fourth quarter of 2021, subject to customary conditions.

Source: Alta Equipment