Wastequip has been acquired by an affiliate of private equity firm HIG Capital from Centerbridge Partners, its owner since 2012.
Marty Bryant, chief executive officer of Wastequip, says: “We want to thank Centerbridge Partners for their invaluable partnership over the last five years. Centerbridge’s support has been instrumental in strengthening Wastequip’s position as the largest and most trusted supplier in the waste equipment industry with leading brands, top quality products and world-class customer service.”
Kyle Cruz, senior managing director at Centerbridge, says: “Over the past five years, we partnered with Marty and his team to improve the performance and competitiveness of the company. We are proud of their success and believe that Wastequip is well-positioned for the future.”
Bryant says: “As we transition into this next stage of our company’s life, we couldn’t be more excited to partner with a firm like HIG. The resources and industry knowledge that HIG brings will allow us to accelerate our growth plan. With this partnership, we are confident we will grow our already industry-leading position and, most importantly, continue to satisfy the needs of our customers.”
“We are very excited to partner with Marty and the rest of the Wastequip team,” says Tenno Tsai, managing director at HIG. “The company’s diverse product portfolio, customer base and nationwide footprint uniquely position it to capitalise on growth opportunities. We look forward to supporting Wastequip’s next phase of growth by investing in new product development, geographic expansion and complementary acquisitions.”
