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Wynnchurch Capital Exits Labrie Environmental Group
The deal would give Hiab four additional manufacturing sites and lift annual sales at Labrie to $491 million, analysts said.
- On Monday, Finnish on-road equipment maker Hiab Corporation agreed to acquire North American garbage truck manufacturer Labrie Environmental Group for $1.035 billion, with closing expected in the third quarter of 2026.
- Wynnchurch Capital acquired Labrie in September 2020 and undertook a comprehensive transformation, doubling production throughput and expanding manufacturing capacity across four sites in Canada, the U.S., and Mexico.
- Labrie generated $491 million in sales and $113 million in comparable EBITDA over the 12 months through March, marketing products under the Labrie, Wittke, and Leach brands.
- Investors responded positively to the announcement, with Hiab shares rising 7% in early trading; analysts at OP Financial Group noted the acquisition should improve growth potential and margins.
- Michael Eastabrook, President and CEO of Labrie, stated he is "excited about the opportunities ahead," though the deal remains subject to regulatory approvals and customary closing conditions.
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Hiab Agrees to Acquire Truck Maker Labrie for $1.04 Billion
Finnish-listed Hiab Oyj has agreed to acquire refuse collection vehicle manufacturer Labrie Environmental Group at an enterprise value of $1.04 billion, as it aims to strengthen its foothold in the North American waste and recycling market.
·New York, United States
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Hastings Tribune+2 Reposted by 2 other sources
Wynnchurch Capital Exits Labrie Environmental Group
ROSEMONT, Ill.--(BUSINESS WIRE)--Jun 1, 2026-
·Nebraska, United States
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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