Hiab acquires refuse collection vehicle manufacturer Labrie Environmental Group

Type of deal: Corporate acquisition

Deal size: 1035 USD

Sector: Load handling / Waste and recycling

Hiab, a leading provider of smart and sustainable on-road load handling solutions, has entered into an agreement to acquire Labrie Environmental Group, a leading North American refuse collection vehicle (“RVC”) manufacturer at an enterprise value of USD 1,035 million (approximately EUR 890 million).

The acquisition represents the next step in Hiab's inorganic growth strategy, aligned with the company's ambition to expand its presence in existing end-markets through adjacent product verticals. The acquisition provides Hiab access to the growing North American RCV market through a leading platform with a strong track record of profitable growth. The combination brings together two companies with complementary offerings and a perfect technological and mission fit in the essential waste and recycling industry, diversifying Hiab's sales exposure and reducing cyclicality.

PwC had a role to play in this significant deal: our teams provided Hiab with financial and tax due diligence, deal accounting advice, tax structuring and SPA support.

Deal announcement date: 2 June 2026

PwC’s role: Financial and tax due diligence, deal accounting advice, tax structuring and SPA support

Press release