Hiab agrees to buy refuse truck maker Labrie Environmental Group for USD 1.04 billion
- Hiab agreed to buy Labrie Environmental Group from Wynnchurch Capital and minority management holders for an enterprise value of USD 1.04 billion.
- Labrie makes refuse collection vehicles in North America; LTM sales to March 2026 were USD 491 million with comparable EBITDA of USD 113 million (23% margin).
- All-cash deal; closing targeted for Q3 2026, subject to regulatory approval and customary closing conditions.
- Hiab lined up committed acquisition financing with Danske Bank and OP Corporate Bank; pro forma gearing would be about 70%.
- Price implies about 9.2x LTM comparable EBITDA; transaction aimed at expanding in North American waste and recycling, with expected synergy benefits.
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