Core Points - Finning International Inc. has entered into a definitive agreement to sell 100% of its mobile on-site refueling business, 4Refuel, to H.I.G. Capital for a total purchase price of up to $400 million, with an implied transaction value of approximately $450 million including leases and other indebtedness [1][5] - 4Refuel is a leading North American mobile on-site liquid refueling company with approximately 650 employees, serving various critical industries [2] - The decision to sell 4Refuel was made after careful consideration of the company's strategic direction and return on invested capital objectives, with the belief that H.I.G. will support 4Refuel's long-term growth [3][4] - Since its acquisition in 2019, 4Refuel has generated strong growth and significant free cash flow, contributing to Finning's capital improvement plan [4] - The transaction will simplify Finning's operations, allowing a focus on maximizing product support, improving earnings resilience by lowering SG&A, and creating sustainable growth around core dealership operations [4] - Finning will receive approximately $400 million in consideration, with $330 million payable in cash upon closing, and the purchaser will assume lease liabilities and other indebtedness of about $50 million [5] - The net proceeds from the transaction are expected to be used for share repurchases, paying down credit facilities, and reinvesting in core dealership operations, with an expectation that the transaction will be accretive to earnings per share [6] - The transaction has been approved by Finning's Board of Directors and is anticipated to close in the third quarter of 2025, subject to customary closing conditions [7] - Separately, Finning has also agreed to sell its interest in Compression Technology Corporation (ComTech) for a total implied transaction value of $40 million, with closing expected in the second quarter of 2025 [8] - In the year ended December 31, 2024, 4Refuel and ComTech generated over $190 million in net revenue, incurred $85 million in SG&A, and generated $72 million in EBITDA and $37 million in EBIT [9]

Core Viewpoint - Alta Equipment Group Inc. will report its financial results for the first quarter of 2025 on May 7, 2025, after U.S. market close, followed by a conference call and webcast to discuss the results [1] Company Overview - Alta Equipment Group Inc. is a leading provider of premium material handling, construction, and environmental processing equipment, operating one of the largest integrated equipment dealership platforms in North America [3] - The company has a branch network with over 85 locations across various states in the U.S. and Canadian provinces, offering a comprehensive range of specialized equipment and services [3] Conference Call Details - The earnings call and webcast will take place on May 7, 2025, at 5:00 p.m. Eastern Time, with live call access and audio replay options available [2]