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Finland $3.7 Billion Load Handling Solutions Company Hiab Oyj Buys Canada Refuse Collection Vehicle Manufacturer Labrie Environmental Group for $1 Billion from United States $9.1 Billion Private Equity Firm Wynnchurch Capital in All-Cash Deal, Labrie Environmental Group Founded in 1971 by Claude Boivin

4th June 2026 | Hong Kong

Finland load handling solutions company Hiab Oyj ($3.7 billion market value) has announced to buy Canada refuse collection vehicle manufacturer Labrie Environmental Group for $1 billion from United States private equity firm Wynnchurch Capital ($9.1 billion AUM) in all-cash deal.  Labrie Environmental Group was founded in 1971 by Claude Boivin.  Labrie Environmental Group – Formed in 1971 and headquartered in Lévis, Quebec, Canada, Labrie Environmental Group is a leading North American provider of RCVs, operating across three established brands: Labrie, Wittke and Leach. It also provides aftermarket parts and services through its LabriePlus brand. The company has demonstrated resilient growth and built a leading market position in the attractive side loader market. For the last twelve months ending March 2026, the company generated sales of USD 491 million. Comparable EBITDA for the same period totalled USD 113 million, representing 23 percent of sales. The company generates all its sales in North America from equipment, spare parts and services, sold through its dealer network. The company operates four manufacturing sites across Canada, the United States and Mexico, and employs approximately 1,200 people. Hiab Oyj – Hiab is a pioneer in smart and sustainable on road load handling solutions. With a global presence and a strong focus on innovation and sustainability, Hiab develops and manufactures a wide range of equipment – from cranes to tail lifts – for essential industries. We lift and deliver everyday goods that are essential to daily life and we are committed to doing so safely and sustainably, helping to build a better tomorrow. We have a long history of firsts and our specialised brands often define the class they created. Our premium equipment includes HIAB, EFFER, ARGOS and ING loader cranes, MOFFETT and PRINCETON truck-mounted forklifts, LOGLIFT forestry cranes, JONSERED recycling cranes, MULTILIFT demountables and hooklifts, GALFAB roll-off cable hoists, tail lifts under the ZEPRO, DEL and WALTCO brands as well as the service brand HIPERFORM, a comprehensive suite of smart solutions that help maximise the life-cycle value of Hiab’s equipment.  Wynnchurch Capital – Founded in 1999, Wynnchurch Capital is a private equity firm with $9.1B of assets under management. We provide capital, connections, expertise and experience to help middle-market companies write the next chapter of their growth story.

“ Finland $3.7 Billion Load Handling Solutions Company Hiab Oyj Buys Canada Refuse Collection Vehicle Manufacturer Labrie Environmental Group for $1 Billion from United States $9.1 Billion Private Equity Firm Wynnchurch Capital in All-Cash Deal, Labrie Environmental Group Founded in 1971 by Claude Boivin “

 



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Finland $3.7 Billion Load Handling Solutions Company Hiab Oyj Buys Canada Refuse Collection Vehicle Manufacturer Labrie Environmental Group for $1 Billion from United States $9.1 Billion Private Equity Firm Wynnchurch Capital in All-Cash Deal, Labrie Environmental Group Founded in 1971 by Claude Boivin

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