H.I.G. Capital completes deal for Wastequip

Miami-based private equity firm H.I.G. Capital has completed the acquisition of waste and recycling equipment company Wastequip, based in Charlotte, North Carolina, which it first announced in early February. The equipment company was previously owned by the private equity firm Centerbridge Partners.

“We want to thank Centerbridge Partners for their invaluable partnership over the last five years,” says Marty Bryant, Wastequip CEO. “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.

“As we transition into this next stage of our company’s life, we couldn’t be more excited to partner with a firm like H.I.G.,” Bryant continues. “The resources and industry knowledge that H.I.G. 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,” comments Tenno Tsai, managing director at H.I.G. “The company’s diverse product portfolio, customer base and nationwide footprint uniquely position it to capitalize 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.”

Wastequip’s brands include Wastequip, Toter, Galbreath, Pioneer, Mountain Tarp, Cusco, Go To Parts and Accurate.