Hiab strengthens its position in waste & recycling in North America
The acquisition of Labrie Environmental Group represents the next step in Hiab's inorganic growth strategy, aligned with its ambition to expand its presence in existing end-markets through adjacent product verticals, while establishing a new growth platform in North America.
Compelling strategic rationale
The acquisition provides Hiab access to the growing North American RCV market through a leading platform with a strong track record of profitable growth. It represents the next step in Hiab's inorganic growth strategy, aligned with its ambition to expand its presence in existing end-markets through adjacent product verticals, while establishing a new growth platform in North America.
The combined capabilities of the two companies represent a perfect technological and mission fit with complementary offerings in the essential industry of waste and recycling. The acquisition diversifies Hiab’s sales exposure, reduces cyclicality and is expected to be both margin- and growth-accretive with identified opportunities for procurement and sales synergies.
Scott Phillips, President and CEO of Hiab:
“The acquisition of Labrie Environmental Group is a significant milestone in our growth journey and perfectly aligned with our strategy of profitable growth communicated in 2024. Labrie is a market leader in an attractive and growing market in one of our four focus segments, waste and recycling. The acquisition also supports our ambitions to grow in North America and increase our services sales. It also provides access to new resources and technologies for both companies. Importantly, the transaction is expected to strengthen cash generation immediately following closing while simultaneously opening new avenues for growth. We expect this transaction to deliver significant value for all stakeholders post-closing, including enhanced career opportunities for both Hiab and Labrie employees."
Michael Eastabrook, CEO of Labrie Environmental Group
“Today is an important milestone for Labrie. By joining Hiab, we are gaining access to a comprehensive global platform that will accelerate our technology development and growth. I am incredibly proud of what we have built and excited for our next chapter."
About 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.