Wynnchurch Capital Acquires Labrie Environmental Group
Rosemont, IL – September 8, 2020 – Wynnchurch Capital, L.P. (“Wynnchurch”) announced today that it has acquired Labrie Environmental Group, LLC (“Labrie” or the “Company”). Labrie is a leading manufacturer of refuse collection vehicles and related parts. Founded in 1971, Labrie is an industry leader with a full suite of highly engineered side loader, front loader, and rear loader vehicles that it sells through a network of dealers.
“We are committed to delivering best-in-class refuse collection vehicles and service for our customers and are excited to partner with Wynnchurch as we continue that mission,” said Diana Grootonk, CEO of Labrie. Diana added, “Wynnchurch understands our business and the demanding needs of our customers, and we believe, that through our shared vision, we can take Labrie to new levels.”
John Hatherly, Managing Partner at Wynnchurch, said, “Wynnchurch is pleased to make Labrie our first platform investment in Fund V. The business fits our investment philosophy of acquiring well-managed market leaders with significant growth potential.”
Greg Gleason, Partner at Wynnchurch, said, “Labrie has a well-earned reputation in the waste management industry for its high-quality products, strong engineering expertise and service. We are excited to partner with management to focus on its next stage of growth.”
Wynnchurch Capital is actively seeking investment opportunities for its $2.277 billion Fund V. In February, Wynnchurch acquired Pennsylvania Machine Works and in April, Western Flange. These businesses were consolidated into a fully integrated manufacturer of high pressure forged fittings, flanges, and branch connections that are sold into refining, petrochemical, LNG, industrial and military end markets. Other recent Wynnchurch investments include: Clyde Industries, a leading designer and manufacturer of sootblowers, a critical component within recovery, power, and steam boilers; Eastern Metal Supply, a leading value-added distributor of aluminum extrusions and related products; MPL Holdings, a leader in cultured marble products for the hospitality and multi-family housing markets; and two closed-die forging facilities of Allegheny Technologies that produce high-value, complex forgings for OEMs.
About Labrie Environmental Group:
Founded in 1971, Labrie Environmental Group, LLC is a leading manufacturer of refuse collection vehicles across North America. The Company markets its full suite of products under the Labrie (side loaders), Wittke (front loaders), and Leach (rear loaders) brands which are all well-known and respected in the industry. The Company is headquartered in Levis, Quebec and operates manufacturing facilities located in Quebec, Georgia, and Mexico. For more information, please visit: http://www.labriegroup.com.
About Wynnchurch Capital:
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: https://www.wynnchurch.com.