LABRIE ENVIRONMENTAL GROUP acquired by HIAB CORPORATION
Context
Labrie Environmental Group, a North American specialist in refuse collection vehicles, is being acquired by Hiab Corporation in a strategic transaction aimed at significantly strengthening its exposure to the waste and recycling equipment market in North America. The transaction reflects Hiab’s strategy to expand into resilient end-markets characterised by predictable fleet replacement cycles and structurally supported demand driven by municipal infrastructure and private operators. Hiab, a provider of intelligent on-road load handling solutions, is expanding beyond its traditional segments to build a broader industrial equipment platform. The acquisition of Labrie provides access to an adjacent but highly complementary market, while materially increasing Hiab’s exposure to the United States and Canada. The industrial rationale is based on convergence across specialised equipment value chains, combining manufacturing expertise and aftermarket services, with expected synergies in procurement, distribution and commercial development. The transaction is part of a broader consolidation trend within niche industrial markets, aimed at improving capital efficiency, strengthening technological capabilities and expanding service-led platforms in regulated and recurring-demand industries. The combined entity should form a group generating nearly $2 billion in revenue.
LABRIE ENVIRONMENTAL GROUP, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Labrie Environmental Group is a leading North American provider of refuse collection vehicles, operating under three established brands: Labrie, Wittke, and Leach, as well as the LabriePlus brand for aftermarket parts and services. Founded in 1971 and headquartered in Lévis, Quebec, Canada, the company has demonstrated resilient growth and established a leading market position in the side loader market. Labrie Environmental Group 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. The company's business model is based on the design, manufacture, and sale of refuse collection vehicles, as well as the provision of aftermarket parts and services.
Ent. Value
FREE VIEW1035M USD
Equity Value
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Multiples
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EV / Revenue
2.1x
EV / EBITDA
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EV / EBIT
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 1b - 4b USD
Revenue range: 250M - 500M USD
EBITDA range: 100M - 200M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: labrie environmental group
Acquirer: hiab corporation