Alta Equipment Group in Livonia, Mich., will acquire the stock of Ginop Sales Inc., a privately held equipment distributor with 3 locations in Alanson, Williamsburg and Hillman, Mich.
The Livonia-based equipment group expected to disclose transaction terms at closing.
Founded in 1959, Ginop generated approximately $65 million in revenue and an EBIT of approximately $6.5 million for the trailing-12-month period ending August 2021.
Ryan Greenawalt, CEO of Alta, said, “Ginop has been northern Michigan’s trusted source for construction and agricultural equipment. Alta is honored to carry on the Ginop legacy and excited to add their talented team to the Alta family.”
Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S. with a network of 60 locations across Michigan, Illinois, Indiana, New England, New York, Ohio, Virginia, and Florida.
Dealers on the Move is brought to you by Pinion.
Drive your dealership forward. Success starts with a clear financial roadmap. Gain insights to forecast with confidence, measure performance against industry benchmarks, and implement strategies that fuel long-term growth. With the right tools and expert guidance, you can make informed decisions to strengthen your operations and boost profitability.
Our team has walked in your shoes, holding leadership roles at major dealerships. From tax strategies to mergers and acquisitions, we leverage deep industry experience to help you navigate challenges and seize new opportunities for a stronger bottom line.
