Heil Environmental sells its truck
Sale will allow company to concentrate on
serving refuse and recycling industry
Truck Bodies and Equipment International, Inc.
a portfolio company of Kirtland Capital Partners, has acquired Heil
Environmental’s truck equipment business, consisting of the
Heil Truck Equipment Group and Heil South distributorship, effective
The sale will enable Heil to concentrate all of
its resources on building its core refuse business.
The Heil Truck Equipment Group manufactures and
mounts a complete line of dump bodies, snow/ice bodies and hoists.
Michael Jobe, Heil president and CEO stated, “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. This move allows us to likewise
concentrate solely on the refuse customers that are the core of
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
The Heil Truck Equipment Group and Heil South
are now part of Truck Bodies & Equipment International, Inc.
(TBEI). Kirtland formed TBEI in 2005 by combining three major truck
equipment companies: Crysteel Manufacturing, Ox Bodies, Rugby Manufacturing,
adding Hardee Equipment Co. in 2006. TBEI’s corporate headquarters
is in Eden Prairie, Minnesota.
TBEI has indicated that it will keep the manufacturing
facility in Tishomingo open with its 140-person workforce intact.
Under the sales agreement, all existing orders will be filled, current
vehicles will be supported and warranties now in effect will be
honored. The truck equipment distributor network and sales force
is expected to remain unchanged.
Heil South will be renamed TBEI Atlanta. TBEI
has expressed plans to retain the distributorship’s 16 employees
and continue to offer truck equipment products and services. The
refuse collection vehicle sales force and other aspects for supporting
customers of the refuse business will be moved from the TBEI Atlanta
facility, and Heil intends to further increase its focus and efforts
to continue growing its customer base in the Georgia refuse markets.
Terms of the sale were not disclosed.