#United States #Performance Brokerage #Alta Dock & Door #Allmark Door #Bohemia, New York and Wilmington, Massachusetts

Performance Brokerage Services Facilitates Alta Dock & Door Sale

In a significant move within the commercial door industry, Performance Brokerage Services, North America's leading dealership brokerage firm, has announced the sale of Alta Dock & Door, which operates in Bohemia, New York and Wilmington, Massachusetts, to Allmark Door. This transaction underscores the growing demand for high-performance door solutions across the Northeast.

About Alta Dock & Door

Alta Dock & Door was established in 2021 as a division of Alta Equipment Group, Inc. The company focuses on providing top-notch commercial and industrial door solutions as well as loading dock services. Born out of earlier acquisitions, including Hilo Equipment Services and Baron Industries, Alta Dock & Door amalgamates decades of industry experience and expertise to deliver unparalleled services.

Specializing in installation, repair, and customized solutions, the company caters to various sectors, including food and beverage, pharmaceuticals, logistics, and industrial facilities. Alta Dock & Door has received notable recognition in the industry, ranking #9 in the International Door Association's Top 100 Door Dealers by total revenue and #2 among the Top 50 Commercial Door Dealers in 2024.

Transitioning Ownership

Following the sale, Tony Colucci, Chief Financial Officer of Alta Equipment Group, Inc., praised Performance Brokerage Services for their professionalism and dedication throughout the process. He reflected on how Pat Albero and the brokerage team partnered closely with him and his team to achieve a successful transition. Their attention to detail and intimate knowledge of the industry played vital roles in identifying a buyer who values the business's integrity, commitment, and its workforce.

Performance Brokerage Services has established itself as a powerhouse in the dealership brokerage landscape, having aided in the sale of nearly 400 dealerships over the last five years. Their extensive experience and approach to client relationships are cited as key factors in their consistently high performance.

Who is Allmark Door?

Allmark Door has also made a name for itself as a provider of high-performance commercial and industrial door solutions since its inception in 1993. With a focus on servicing the Northeastern and Mid-Atlantic regions, the company operates offices across New Jersey, Pennsylvania, Maryland, Delaware, and New York. This acquisition signals Allmark Door's strategic expansion into Massachusetts, enhancing their foothold in New England.

The enduring success of Allmark Door can be attributed to its commitment to offering mission-critical solutions that cater to logistics, food and beverage, pharmaceutical, utilities, transportation, and industrial sectors. The company is known for providing 24/7 emergency repair services, installation, and maintenance programs aimed at optimizing safety and operational efficiency.

In 2022, Allmark Door received an investment from LLR Partners, further positioning the company for growth and expansion into new markets. Katie Lankalis, Principal at LLR Partners, shared her enthusiasm regarding their collaboration with Performance Brokerage Services, highlighting their expertise, professionalism, and commitment to a streamlined acquisition process.

Future Implications of the Acquisition

Following the acquisition, Alta Dock & Door will operate under the Allmark Door brand, retaining its current locations in Bohemia and Wilmington. This change is expected to benefit all parties involved by integrating resources and expanding service capabilities, resulting in enhanced operational efficiency and support to existing customers.

As the industry landscape continues to evolve, such strategic acquisitions not only help companies like Allmark Door increase their market share but also promote improved service delivery across various sectors. By combining forces with Alta Dock & Door, Allmark reinforces its ability to provide high-quality solutions that meet the demands of an ever-changing market.

About Performance Brokerage Services

Performance Brokerage Services stands at the forefront of dealership brokerage, specializing in facilitating buy-sell transactions across a spectrum of industries, including automotive, RV, commercial truck, ATV, and equipment dealerships. With a stellar reputation backed by over 30 years of experience and a remarkable closing rate of 90%, they are recognized for their ethical standards and client-driven approach. Based in Irvine, California, they operate twelve regional offices providing clients national exposure with localized support.