H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, announce that an affiliate has signed a definitive agreement to acquire CGH Group S.A. (“CGH” or the “Company”), a leading manufacturer of large, engineered storage tanks and tank accessories in EMEA. The transaction is subject to clearance by antitrust authorities.
CGH was established in the mid-1990s and is headquartered in Bydgoszcz, Poland. The Company applies a fully automated production process of environmentally friendly storage tanks for flammable and hazardous liquids, water, or liquefied petroleum gas (LPG), as well as tanks for a wide array of industrial applications serving current energy infrastructures. CGH recently developed high-pressure tank systems to support the transition towards renewables with their decarbonized and decentralized setting. CGH’s core engineering and production hub as well as its sales office for the CEE region operate out of Poland. CGH’s sales offices in Denmark and Belgium cover markets in Scandinavia, Benelux, and France as well as the international markets in Africa and the Middle East.
Krzysztof Jańczak, Chief Executive Officer of CGH, commented: “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. 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.”
Holger Kleingarn, Managing Director at H.I.G. Capital, added: “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. 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.”
