Wynnchurch Capital, Rosemont, Illinois, announced Sept. 8 that it has acquired Quebec-based Labrie Environmental Group LLC. Labrie is a manufacturer of refuse collection vehicles and related parts. Founded in 1971, Labrie provides a 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,” Labrie CEO Diana Grootonk says. “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.”
Wynnchurch Capital announced it is actively seeking investment opportunities for its $2.3 billion Fund V. Over the course of the calendar year, the company has acquired several businesses across industries.
“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,” Wynnchurch Managing Partner John Hatherly 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 Partner Greg Gleason says.