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Alta Equipment Group Enters Class 8 Semi-Truck Market

August 13, 2021, 07:18 AM
Filed Under: Trucking

Alta Equipment Group Inc. announced it has entered into a dealer agreement with Nikola Corporation, a designer and manufacturer of heavy-duty commercial battery-electric vehicles (BEV) and fuel-cell electric vehicles (FCEV). This agreement names Alta as the authorized dealer to sell and service Nikola medium and long-haul Class 8 EV/FCEV trucks in the NY, NJ, eastern PA and New England markets.

Alta Equipment Group is a distributor partner with their current OEMs in migrating customers to electric vehicles in the construction and material handling segments. The company sells and supports hydrogen fuel-cells in material handling applications along with hydrogen generation and storage and has a long history in the sales and support of electric industrial fleets. This agreement marks Alta Equipment Group’s expansion into the Class 8 commercial vehicle/equipment segment and builds upon its eMobility strategy.

"We are excited to sign this agreement with Nikola and become the authorized dealer in the northeast US territory. We view our entry to this growth market as a natural extension of the operational expertise we have built in the heavy equipment, material handling and construction markets," said Ryan Greenawalt, Chief Executive Officer of Alta Equipment Group. "We believe the commercial vehicle market provides a strong long-term growth opportunity for Alta as we look to leverage our existing footprint and knowledge in electro-mobility to meet the growing demand for electric vehicles and deliver world-class service to Nikola customers."

"The northeastern region of the United States has quickly become a crucial territory for Nikola as states move forward with setting goals in reducing greenhouse gases related to transportation," said Nikola President, Energy and Commercial Pablo Koziner. "Alta Equipment and their leadership team have demonstrated a strong desire to participate in the transition to zero-emission Class 8 trucks with their eMobility strategy. We are extremely excited about this new partnership."

Alta Equipment Group owns and operates one of the largest integrated equipment dealership platforms in the U.S. Through its branch network, the company sells, rents, leases and provides parts and service support for several categories of specialized equipment, including lift trucks and aerial work platforms, cranes, earthmoving equipment and other industrial and construction equipment.

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