Wastequip Under New Ownership
H.I.G. Capital, a private equity investment firm, has acquired Wastequip, the Charlotte, N.C.-based waste equipment manufacturer. Wastequip had been under the ownership of Centerbridge Partners, L.P., which purchased the company in 2012.
"We want to thank Centerbridge Partners for their invaluable partnership over the last five years,” Marty Bryant, CEO of Wastequip, said in a statement, “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."
Wastequip manufactures waste and recycling equipment, including compactors and grease-handling products. Its current management will continue to be in charge of business operations going forward. The transaction is expected to be finalized by the end of the first quarter of 2018.