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Alta Equipment (ALTG) delivered earnings and revenue surprises of 16.67% and 5.39%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
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William P. Egan is an American venture capitalist.He is the founder and general partner at Alta Communications, a venture capital firm, [1] [2] [3] and Marion Equity Partners, a private equity firm, both based in Boston, Massachusetts.
In 2011, Alta hired Viktor Pritzker, a former director of sales at Vectrix. [5] In 2013, Tesla co-founder Martin Eberhard joined the company's advisory board. [6] After securing additional investors, BRD changed its name to the more evocative Alta Motors, a reference to its home region of Alta California—or North California. [4]
The company was founded in 2004 through the acquisition of the Colfax Power Transmission Group (CPTG) and Kilian Manufacturing by private equity firm Genstar Capital. Which, at the time, consisted of several brands, including Ameridrives, Boston Gear, Formsprag, Marland, Nuttall/Delroyd, Stieber, Warner Electric and Wichita Clutch.
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