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 leading manufacturer of large, engineered storage tanks and tank accessories in the EMEA region. This transaction is contingent upon approval from antitrust authorities.
Founded in the mid-1990s and headquartered in Bydgoszcz, Poland, CGH employs a fully automated production process for environmentally sustainable storage tanks designed for flammable and hazardous liquids, water, and liquefied petroleum gas (LPG). The company also produces tanks for various industrial applications supporting current energy infrastructures. CGH has recently expanded into high-pressure tank systems to facilitate the transition to renewable energy sources, promoting decarbonization and decentralization. Its core engineering and production hub, along with CEE regional sales, are based in Poland, while sales offices in Denmark and Belgium cater to Scandinavian, Benelux, French, African, and Middle Eastern markets.
Krzysztof Jańczak, CEO of CGH, expressed enthusiasm about the partnership with H.I.G., stating, “We have found a perfect partner in H.I.G. to support our growth strategy, which includes expanding geographically, enhancing product offerings, and increasing production capacity. Our commitment remains steadfast in delivering tailored storage solutions that meet the evolving needs of European energy transitions towards decarbonization and decentralized supply. Collaborating with H.I.G. will further enhance our ability to serve our valued customers and empower our dedicated team as we continue to build on our success.”
Holger Kleingarn, Managing Director at H.I.G. Capital, highlighted CGH’s robust engineering and production capabilities, underscoring its ability to deliver high-quality, competitively priced tanks tailored to customer requirements. He emphasized CGH’s strategic position to capitalize on Europe’s growing renewable energy infrastructure. Kleingarn expressed confidence in working alongside CGH’s leadership team to propel the company’s growth trajectory through organic expansion and strategic acquisitions.
About CGH Group:
CGH Group is a leading manufacturer of large, engineered storage tanks and tank accessories in the EMEA region. Based in Bydgoszcz, Poland, CGH operates additional production facilities in South Africa and sales offices in Denmark and Belgium. The company specializes in environmentally friendly storage solutions for hazardous liquids, water, and LPG, as well as a wide range of industrial applications. CGH is at the forefront of developing high-pressure tank systems to support Europe’s renewable energy initiatives and decarbonization efforts. 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, H.I.G. has offices across major U.S. cities and international affiliate offices in Europe, Latin America, and the Middle East. The firm specializes in providing both debt and equity capital to middle-market companies, focusing on management buyouts, recapitalizations, corporate carve-outs, and distressed investments. H.I.G. also manages real estate and infrastructure funds aimed at value-added investments in their respective sectors. For more information, visit higcapital.com.
