Heil Environmental has sold its truck equipment business – Heil Truck Equipment Group and Heil South distributorship – to Truck Bodies and Equipment International Inc. a portfolio company of Kirtland Capital Partners.
The sale enables Heil to concentrate all of its resources on continuing to build its core refuse business. Based in Chattanooga, Tenn., Heil manufactures a full line of refuse collection and recycling vehicles at its flagship manufacturing facility in Fort Payne, Ala. Parts Central, a Heil company, offers replacement parts for most refuse and recycling vehicle brands. Heil subsidiary Bayne Premium Lift Systems produces hydraulic refuse cart lifters in Greenville, S.C. Heil Europe manufactures refuse collection vehicles and replacement parts for the European market in Hillend, Scotland.
The Heil Truck Equipment Group manufactures and mounts a complete line of dump bodies, snow/ice bodies and hoists at its plant in Tishomingo, Miss. Products include the Yardbird, Sidewinder and HPT dump bodies featuring Heil’s patented DuraClass design.
Heil South is a company-owned truck equipment distributorship in Austell, Ga., selling and servicing dump bodies, hoists, roll-offs and knuckleboom loaders.
Michael Jobe, Heil president and CEO states, “Heil has a long, proud history in the truck equipment business and our employees have done a great job of serving our customers. After careful study, the Heil management team determined that we could best serve all of our customers by selling our truck equipment division and associated sales branch to a company that is exclusively focused on that market and its customers.”
The sale includes Heil’s 204,000-square-foot manufacturing facility in Tishomingo, the Heil South sales and service facility outside of Atlanta, and the use of certain intellectual property.
Heil Environmental Sells Truck Equipment Business
Heil Environmental has sold its truck equipment business – Heil Truck Equipment Group and Heil South distributorship – to Truck Bodies and Equipment International Inc. a portfolio company of Kirtland Capital Partners
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