Galfab makes roll-off hoists and related equipment

Hiab, part of Cargotec, has entered into an agreement to acquire the US demountables manufacturer Galfab, which makes roll-off hoists and related equipment for the domestic waste industry. The acquisition broadens Hiab's demountable portfolio, while Galfab's equipment will be included in Hiab's nationwide US sales and service network.

Galfab is a designer and manufacturer of waste equipment of all types, known foremost for its roll-off hoist, a cable lift.

The company was launched in 1992 by the Galbreath family and also offers other products including compactors, containers and self-dumping hoppers. Its headquarters and main manufacturing site is in Winamac, Indiana, but Galfab also has two sites in Phoenix, Arizona, and Houston, Texas. It currently employs around 100 people.

Galfab will become part of Hiab's Demountables, Forestry & Recycling Cranes division. The division includes hooklift and skiploader demountables sold under the Multilift brand, as well as Jonsered recycling cranes, known as material handlers in the US, and Loglift forestry cranes.

"This is great news for new and existing customers. Galfab's portfolio, including the famous roll-off hoist, will be integrated into Hiab's US nationwide sales and service network," says Pauliina Kunvik, senior vice president, demountables, forestry and recycling cranes, Hiab. "Together, we are the second-largest provider of demountables in the waste and recycling industry in the US. Galfab's product portfolio, including the popular roll-off-hoist, is complementary to our offering and will help to introduce Multilift products to new customers."

"I am extremely excited about Galfab becoming part of the Hiab team. This is a perfect match for Galfab and will enable us to continue to provide the leading brand in the industry to our customers while adding more quality products," says Jerry Samson, CEO, Galfab.

"This partnership unites two companies with premier brands in the industry. Galfab and Multilift are known for quality and durability and bringing them together will only enhance the brand," adds Don Galbreath, Galfab founder.

Galfab is owned by its employees and Mosaic Capital Partners, LLC.

The acquisition is subject to passing the approval process of sellers and Hiab. Closing is expected to take place during Q3 2021.