Hiab Agrees to Acquire Labrie Environmental Group for USD 1.035 Billion

June 2, 2026

Hiab Corporation has entered into an agreement to acquire North American refuse collection vehicle manufacturer Labrie Environmental Group for an enterprise value of USD 1.035 billion on a cash and debt-free basis. The deal is intended to expand Hiab’s position in the waste and recycling market and is expected to close in the third quarter of 2026, subject to regulatory approvals and customary conditions.

Buyers
Hiab Corporation
Targets
Labrie Environmental Group
Sellers
Wynnchurch Capital, L.P., management minority shareholders of Labrie
Location
Quebec, Canada
Transaction Type
Buyout

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