An affiliate of H.I.G. Capital, a global alternative investment firm, has signed a definitive agreement to acquire CGH Group, a manufacturer of large, engineered storage tanks and tank accessories in EMEA. The transaction is subject to clearance by antitrust authorities.
“With H.I.G., we have found a perfect partner to support our growth plans which include further geographical expansion and product extension, accompanied by building out our production capacities,” Krzysztof Jańczak, CEO of CGH, said. “Going forward, we will continue to serve our trusted customers in the best way possible and provide them with tailored tanks and storage systems needed for the European energy transition towards a decarbonized and more decentralized energy supply. The partnership with H.I.G. will benefit our customers and employees, and we very much look forward to working together with H.I.G. to keep building our success story.”
“We are impressed by CGH’s engineering and production capabilities, allowing CGH to deliver high-quality tanks, tailored to the needs of its customers at competitive prices. CGH is well-suited to benefit from the build-up of Europe’s renewable energy infrastructure,” Holger Kleingarn, managing director at H.I.G. Capital, said. “We very much look forward to working with CGH’s CEO Krzysztof Jańczak and his management team to further facilitate CGH’s remarkable growth path, organically and with selective add-on acquisitions.”
