ynnchurch Capital (Wynnchurch) has acquired Labrie Environmental Group, (Labrie), a manufacturer of refuse collection vehicles and related parts. Founded in 1971, Labrie produces a full suite of 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,” sasaysid 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, says: “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, says: “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 USD2.277 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 aluminium 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.
