H.I.G. Capital Enters Definitive Agreement to Purchase CGH Group

H.I.G. Capital, a prominent global alternative investment firm managing $64 billion in capital, has announced the signing of a definitive agreement to acquire CGH Group S.A. (CGH), a key player in the production of large, engineered storage tanks and tank accessories across Europe, the Middle East, and Africa (EMEA). The transaction remains subject to antitrust clearance.

Founded in the mid-1990s and headquartered in Bydgoszcz, Poland, CGH specializes in automated production processes for environmentally sustainable storage solutions. Their product range includes tanks for flammable liquids, hazardous materials, water, and liquefied petroleum gas (LPG), catering to diverse industrial applications and supporting energy infrastructures. CGH has expanded its capabilities to include high-pressure tank systems, aligning with Europe’s shift towards renewable energy sources and decentralized energy setups.

Krzysztof Jańczak, CEO of CGH, expressed enthusiasm about the partnership with H.I.G., highlighting plans for geographical expansion, product diversification, and enhanced production capacities. He emphasized CGH’s commitment to delivering tailored storage solutions that meet the evolving needs of European markets during the energy transition.

Holger Kleingarn, Managing Director at H.I.G. Capital, praised CGH’s advanced engineering and production capabilities, positioning the company well to capitalize on the growing renewable energy sector in Europe. Kleingarn affirmed H.I.G.’s dedication to supporting CGH’s growth trajectory through organic initiatives and strategic acquisitions.

About CGH Group: CGH Group, headquartered in Bydgoszcz, Poland, is a leading manufacturer of large, engineered storage tanks and tank accessories across EMEA. The company’s operations extend to sales offices in Denmark, Belgium, and South Africa, alongside its primary production hub in Poland. CGH is renowned for its automated manufacturing processes and recent innovations in high-pressure tank systems aimed at promoting energy decarbonization in Europe. For more information, visit cgh.com.pl/en/.

About H.I.G. Capital: H.I.G. Capital is a global alternative investment firm managing $64 billion in capital. Headquartered in Miami, Florida, with offices across major U.S. cities and international locations in Europe, Latin America, and Asia, H.I.G. specializes in providing both debt and equity capital to middle-market companies. The firm focuses on management buyouts, corporate carve-outs, and investments across various sectors, including manufacturing, services, real estate, and infrastructure. Since its establishment in 1993, H.I.G. has successfully invested in and managed over 400 companies globally. For more information, visit hig.com.

Source Link

Newsletter Updates

Enter your email address below and subscribe to our newsletter