Heil Environmental Truck Equipment Business
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Heil Environmental Truck Equipment Business - overview
Location
Chattanooga, TN, US
Primary Industry
Industrial Machinery
About
Heil Environmental Truck Equipment Business specializes in the manufacturing of refuse collection vehicles and equipment, providing innovative solutions for waste management operations across North America and select international markets. Heil Environmental Truck Equipment Business designs and manufactures specialized garbage truck bodies. The company is headquartered in Chattanooga, US. It was acquired by Truck Bodies & Equipment International, Inc.
, a portfolio company of Kirtland Capital Partners, in October 2006. The details of the financial terms of the deal were not disclosed. The company had one deal recorded as of September 6, 2006. Heil is a leader in the manufacturing of garbage truck bodies, specializing in innovative refuse collection solutions.
Their core product offerings include a variety of automated and manual garbage truck configurations such as automated front loaders, automated side loaders, rear loaders, and front end loaders, which are designed to meet the diverse needs of waste management operations. These vehicles incorporate advanced technologies like the RevAMP fully-electric automated side loader, which utilizes an auger compactor system and eliminates the need for hydraulics during on-route operations. Heil's products serve a wide customer base, including fleet owners, waste management companies, and municipalities, helping them tackle challenges associated with solid waste collection and management. The company primarily operates in markets throughout North America, as well as select international regions, providing tailored solutions to meet local waste disposal regulations and operational needs.
Heil generates revenue through direct sales of its specialized garbage truck bodies and associated technology solutions. The company engages in business-to-business (B2B) transactions with waste management firms and municipalities, often forming long-term partnerships to deliver customized refuse collection solutions. These transactions typically involve the purchase of vehicles equipped with innovative features designed for efficiency and sustainability, such as the H. A.
L. O CNG technology and Connected Collections systems, which enhance fleet operations and data management. Pricing structures are established based on the specific configurations and capabilities of the products, with clients investing in flagship models like the PT1100 mid-range rear load garbage truck. Heil’s commitment to customer satisfaction and technological advancement ensures a robust revenue stream from both new sales and ongoing service support, as they continue to uphold their reputation as a premier provider in the refuse collection industry.
Heil Environmental Truck Equipment Business is focused on expanding its product lineup, including the launch of new vehicle models designed to enhance efficiency and meet emerging regulatory standards in waste management. The company aims to enter new markets, particularly in regions with growing waste management needs, by the end of 2024. To support these initiatives, Heil will utilize resources from its recent acquisition by Truck Bodies & Equipment International, Inc. , which will facilitate investment in research and development as well as market expansion.
Current Investors
Truck Bodies & Equipment International, Inc.
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.heil.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Heil Environmental Truck Equipment Business - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Heil Environmental Truck Equipment Business | - |
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