Recent Deals

Heil Truck Equipment Group has been acquired by TBEI

October 9, 2006

Heil Environmental, a subsidiary of Dover Corporation (NYSE: DOV), was looking to divest its division, Heil Truck Equipment Group (“TEG”).  TEG was one of the oldest and most prominent names within the dump truck body manufacturing market.


  1. Heil was no longer considered a core division for its parent


  • Management was concerned about confidentiality, which resulted in Anderson LeNeave only approaching financial buyers
  • Management would only sub-license the Heil brand for 3 years
  • The industry was expecting a significant downturn within 12 months due to a change in standards for emissions

Successful Solution:

  • Anderson LeNeave contacted numerous private equity groups
  • The transaction was closed within 40 days after executing a letter of intent at a significant premium to management’s expectations while maintaining a 3 year sub-license of brand

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