Wynnchurch Capital Exits Labrie Environmental Group
Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, is pleased to announce the signing of a definitive agreement to sell Labrie Environmental Group, LLC (“Labrie” or the “Company”) to Hiab Corporation (HE:HIAB), a leading provider of smart and sustainable on-road load handling solutions.
Headquartered in Levis, Quebec, Labrie is a premier manufacturer of specialty refuse collection vehicles across North America. Labrie serves residential-focused haulers and municipalities across the U.S. and Canada, predominantly through its extensive dealer network. The Company designs and produces a comprehensive portfolio of automated side loaders, front loaders, rear loaders, and aftermarket parts and services under its Labrie, Wittke, and Leach brands.
Wynnchurch acquired Labrie in September 2020 and subsequently undertook a comprehensive transformation of the business, which included: building a new executive leadership team, significantly expanding manufacturing capacity, developing the Company's dealer network in underpenetrated geographies, and driving continued innovation across its product portfolio. Over the course of Wynnchurch's ownership, Labrie more than doubled production throughput, added new dealer locations, and introduced innovative products and features.
