Amrep, a family-owned business based in Ontario CA with additional facilities in Salisbury NC, Phoenix AZ, Pacific WA and Sacramento CA, was founded in 1976. Under terms of the deal, 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.
“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,” said Marty Bryant, chief executive officer of Wastequip.
“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.”
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 final destination, the company said. Amrep’s heavy-duty refuse trucks feature 100% Hardox steel in the hopper, packer, body and tailgate, along with a patented zero-radius arm that allows haulers to use more efficient side load trucks even in the tightest urban areas.
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 have the ability to order Amrep cylinders manufactured in-house and sold through Wastequip’s Go To Parts brand, which, as a result of the deal, will expand its technical expertise and parts offerings.
“We believe that Amrep’s expertise and technology, paired with Wastequip’s national reach, strong financial position and sales strength, will allow us to invest in and grow Amrep nationally as a premier refuse body brand and the industry’s largest and most well-respected hoist manufacturer—a true force to be reckoned with in the industry,” Bryant said.
With this acquisition, Wastequip can now offer complete nationwide product coverage for cable hoists pairing Amrep, a top brand in the west, with Galbreath, a market-leading brand in the eastern United States.
“We are excited for this next phase in Amrep’s development and proud to become affiliated with an industry-leading organization like Wastequip,” said Alex Ghibaudo, Amrep’s chief executive officer. “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.”