On Wednesday, Chattanooga, Tenn.-based Heil Environmental announced that it has sold its truck equipment business, consisting of the Heil Truck Equipment Group and Heil South distributorship to Truck Bodies and Equipment International (TBEI), a portfolio company of Kirtland Capital Partners based in Eden Prairie, Minn. In a press release, Heil characterized the sale as a means to focus the company’s full attention on its core refuse business.
The sale primarily involves Heil’s 204,000-square-foot manufacturing facility in Tishomingo, Miss., the Heil South sales and service facility in Austell, Ga., and the use of certain intellectual property. Both facilities will continue to operate with a name change. Heil and TBEI say they will fill existing orders and honor current warranties.
Terms of the sale were not disclosed.