H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm managing $64 billion in capital, has announced that one of its affiliates has entered into a definitive agreement to acquire CGH Group S.A. (“CGH”), a prominent manufacturer of large, engineered storage tanks and tank accessories across EMEA. The transaction is pending approval from antitrust authorities.
Founded in the mid-1990s and headquartered in Bydgoszcz, Poland, CGH employs a fully automated production process for environmentally friendly storage tanks used for flammable and hazardous liquids, water, and liquefied petroleum gas (LPG). The company also produces tanks for various industrial applications supporting current energy infrastructures. Recently, CGH has developed high-pressure tank systems to support the shift towards renewables, promoting decarbonization and decentralization. CGH’s core engineering and production center, along with its CEE regional sales office, are based in Poland. Sales offices in Denmark and Belgium serve markets in Scandinavia, Benelux, France, Africa, and the Middle East.
Krzysztof Jańczak, CEO of CGH, expressed enthusiasm about the partnership with H.I.G., emphasizing their alignment in supporting CGH’s growth plans, including geographical expansion, product diversification, and increasing production capacities. He highlighted CGH’s commitment to providing tailored storage solutions crucial for Europe’s energy transition towards decarbonization and decentralized energy supply.
Holger Kleingarn, Managing Director at H.I.G. Capital, commended CGH’s robust engineering and production capabilities, positioning the company to deliver high-quality, competitively priced tanks that meet customer demands. Kleingarn underscored CGH’s strategic advantage in leveraging Europe’s expanding renewable energy infrastructure. H.I.G. looks forward to collaborating with Krzysztof Jańczak and CGH’s management team to support CGH’s growth trajectory through organic expansion and selective acquisitions.
