Who Owns Alta Equipment Group Company?

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Who Owns Alta Equipment Group?

Understanding a company's ownership is key to grasping its strategic direction and accountability. Alta Equipment Group, a significant player in the industrial and construction equipment sector, underwent a major shift in its ownership structure in February 2020.

This transition involved a SPAC merger with B. Riley Principal Merger Corp., which provided substantial capital for growth and enhanced its access to financial markets.

Alta Equipment Group, established in 1984, began as a family-owned business. By late 2024 and mid-2025, it had expanded to over 85 locations across the U.S. and Canada. As of August 2025, the company's market capitalization stood at approximately $0.24 billion USD. The company offers a comprehensive suite of services, including sales, rentals, parts, and service for equipment like forklifts and cranes, as detailed in its Alta Equipment Group BCG Matrix analysis.

The foundation of Alta Equipment Group was laid in 1984 in Michigan, starting as Yale Materials Handling-Michigan, Inc. This initial venture focused on the distribution of material handling forklifts. The company's inception is credited to the family of Ryan Greenawalt, with his father, Steven Greenawalt, serving as the original owner and operator.

Founding Year

Alta Equipment Group traces its origins back to 1984.

Initial Business Focus

The company began as a material handling forklift distributor.

Founder's Father

Steven Greenawalt was the original owner and operator.

Early Funding

Initial growth was organically funded through operations.

Ryan Greenawalt's Return

Ryan Greenawalt rejoined the company in a senior management role in 2008.

Strategic Expansion

Under Ryan Greenawalt's leadership, the company expanded into construction equipment and pursued acquisitions.

In 2017, Ryan Greenawalt consolidated ownership by buying out his father and other family members, becoming the sole owner prior to the company's public offering. This pivotal transaction centralized control under Ryan Greenawalt, aligning with his strategic expansion plans and paving the way for its transition to a publicly traded entity. This period marked a significant shift in the ownership structure of Alta Equipment Group, setting the stage for its future growth and market presence. Understanding this early ownership history is crucial to grasping the Mission, Vision & Core Values of Alta Equipment Group.

Key Ownership Transition

Ryan Greenawalt's buyout of family members in 2017 was a defining moment.

• Established Ryan Greenawalt as the sole owner prior to public listing.
• Consolidated leadership and strategic direction.
• Preceded the company's transition to a publicly traded entity.
• Reflected a vision for significant company expansion.

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Alta Equipment Group's ownership structure underwent a significant transformation with its public debut. The company became publicly traded following a SPAC merger with B. Riley Principal Merger Corp. on February 14, 2020, which resulted in the acquisition and renaming of Alta Equipment Holdings, Inc. to Alta Equipment Group Inc. This move provided enhanced access to capital markets and liquidity for its early investors.

The ownership of Alta Equipment Group is now distributed across institutional investors, company insiders, and the general public, reflecting its status as a publicly traded entity on the NYSE under the ticker symbol ALTG. This public listing, initiated by a SPAC merger that generated approximately $300 million in gross proceeds, has reshaped its corporate governance and strategic direction.

Key Shareholders and Ownership Breakdown

Institutional investors and hedge funds collectively hold a substantial majority of Alta Equipment Group's stock, indicating significant external financial backing and oversight.

• Institutional investors own 73.58% of the company's stock as of August 2025.
• Major institutional shareholders include Mill Road Capital Management LLC, Voss Capital, LLC, BlackRock, Inc., Greenhaven Road Investment Management, L.P., and Vanguard Group Inc.
• BlackRock, Inc. held 1,640,566 shares, representing 4.90% ownership as of July 16, 2025.
• Company insiders collectively own 83.35% of the company's shares as of 2025.
• B. Riley Financial Inc. is a significant shareholder, owning 13.33 million shares, equating to 40.15% of the company.
• Ryan Greenawalt, the CEO and Chairman, directly owns 16.7% of the company's shares.
• The shift to a public company structure, influenced by entities like B. Riley Financial Inc., impacts strategic decisions and market accountability. Understanding these ownership dynamics is crucial for a comprehensive view of the company's trajectory, as detailed in discussions on the Marketing Strategy of Alta Equipment Group.

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The board of directors at Alta Equipment Group Inc. is instrumental in guiding the company's strategic direction and corporate governance. As of early 2025, Ryan Greenawalt holds the dual roles of Chief Executive Officer and Chairman of the Board, signifying a strong leadership presence.

The ownership structure of Alta Equipment Group Inc. indicates a significant concentration of voting power among key stakeholders. Insiders collectively own 83.35% of the company, with Ryan Greenawalt personally holding a 16.7% stake. Furthermore, B. Riley Financial Inc. possesses a substantial 40.15% ownership, suggesting a considerable influence on corporate decisions. While the common stock is publicly traded on the NYSE, implying a one-share-one-vote system for common shareholders, the high insider and institutional ownership means these entities wield considerable voting power. Understanding these ownership dynamics is crucial for comprehending the Target Market of Alta Equipment Group and its strategic trajectory.

Key Ownership Insights

Alta Equipment Group's ownership is heavily concentrated, with insiders holding a majority stake.

• Insiders own 83.35% of the company.
• Ryan Greenawalt controls 16.7% of shares.
• B. Riley Financial Inc. holds a 40.15% stake.
• Public trading suggests a one-share-one-vote structure for common shareholders.

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Alta Equipment Group has experienced significant shifts in its ownership structure over the past few years, particularly following its public debut. The company's transition from a private entity to a publicly traded one on the NYSE in February 2020 marked a pivotal moment, influencing its investor base and corporate governance.

The financial performance of Alta Equipment Group in recent periods shows a mixed trend. For the full year 2024, total revenues were $1,876.6 million, a slight decrease from the prior year. The first quarter of 2025 saw total revenues of $423.0 million, accompanied by a net loss of $(21.7) million. Despite these figures, the company has maintained its organic Adjusted EBITDA guidance for fiscal year 2025, projecting it to be between $171.5 million and $186.5 million.

Institutional Investor Activity

Institutional investors hold a substantial majority of Alta Equipment Group's stock. In Q4 2024, LPL Financial LLC increased its stake by 1.5%, now holding 118,942 shares. However, 68 institutions reduced their holdings, while 58 added shares during the same period.

Strategic Acquisitions and Capital Allocation

The company continues its growth through acquisitions, completing 17 by April 2025. Notable recent acquisitions include Ault for $36 million and Burris Equipment for $14 million. Furthermore, the board approved an increase in the common stock repurchase program to $30.0 million in May 2025.

Board and Management Changes

Leadership at Alta Equipment Group has seen adjustments. In April 2024, Katherine White and Sidhartha Nair were appointed as new committee chairs. Zachary Savas resigned from the board during this period, reflecting ongoing governance evolution.

Ownership Trends Overview

The ownership structure is dominated by institutional investors, indicating professional management of investment portfolios. This trend aligns with broader market dynamics for publicly traded companies. Understanding these shifts is key to grasping the Growth Strategy of Alta Equipment Group.

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