Key facts
- Hiab Oyj agreed to acquire Labrie Environmental Group.
- The enterprise value of the acquisition is $1.04 billion.
- Labrie Environmental Group manufactures refuse collection vehicles.
- The deal aims to strengthen Hiab's position in the North American waste and recycling market.
This acquisition marks a significant move by Hiab Oyj to expand its footprint in the North American waste and recycling sector. By integrating Labrie's operations, Hiab seeks to enhance its product offerings and market share in a key industry segment. Wynnchurch Capital's exit from Labrie signifies the successful completion of their investment.