DLJ Merchant Banking Partners, a private equity investment affiliate of Credit Suisse First Boston, has executed a definitive agreement to acquire Wastequip Inc from CIVC Partners. Terms of the transaction were not disclosed.
Wastequip is a designer, manufacturer, and marketer of equipment used to collect, process, and transport solid and liquid waste materials. Headquartered in Beachwood OH, it has 26 manufacturing facilities, two container repair facilities and service centers, and one aftermarket parts operation in North America. The company, with more than $300 million in annual sales, is a leading consolidator among waste handling equipment manufacturers, with a strong record of both internal growth and successful acquisitions.