Charlotte, North Carolina-based Wastequip has signed a definitive agreement to acquire Amrep, a leading refuse body
Under the deal’s terms, Amrep will continue to operate as its own entity with the existing leadership team reporting directly to Wastequip CEO Marty Bryant. The deal is not expected to result in a reduction in force for either company, Wastequip says.
The addition of Amrep’s front-load and automated side-load refuse trucks fulfills Wastequip’s mission of serving as a one-stop-shop for waste equipment for haulers and municipalities, with products for curbside collection to
Amrep’s heavy-duty refuse trucks feature 100 percent Hardox steel in the hopper, packer, body
Additionally, the acquisition provides Amrep with the capital to complete its technology offering with its refuse body trucks, including onboard diagnostics and routing.
Existing parts customers will benefit from an expanded line card and will now have the ability to order Amrep cylinders through Wastequip’s Go To Parts brand, which will expand its technical expertise and parts offerings to serve a broader customer base.
With this acquisition, Wastequip says it can offer customers complete nationwide product coverage for cable hoists pairing Amrep, the leading brand in the West, with Galbreath, the established market leader and preferred brand in the eastern United States.
“Adding garbage trucks to our product mix is a key step in the evolution of Wastequip as a true partner for haulers and municipalities by serving as a one-stop-shop for all waste industry equipment needs,” says Bryant. “After an exhaustive evaluation of many of the available refuse body offerings, we chose Amrep based on its sterling industry relationships, as well as the key design and performance advantages of its refuse bodies and hoists. We believe that Amrep’s expertise and technology paired with Wastequip’s national reach, strong financial position
“We are excited for this next phase in Amrep’s development and proud to become affiliated with an industry-leading organization like Wastequip,” says Alex Ghibaudo, chief executive officer of Amrep. “We believe the combined power of our two companies will extend our ability to grow our refuse truck market share significantly and develop an even more robust product suite.”
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