H.I.G. Capital, a leading global alternative investment firm managing $64 billion in capital, is pleased to announce that an affiliate has signed a definitive agreement to acquire CGH Group S.A. (“CGH” or the “Company”), a prominent manufacturer of large, engineered storage tanks and tank accessories in the EMEA region. This transaction is pending antitrust authority clearance.
Founded in the mid-1990s and headquartered in Bydgoszcz, Poland, CGH specializes in the fully automated production of environmentally friendly storage tanks for flammable and hazardous liquids, water, and liquefied petroleum gas (LPG), as well as tanks for various industrial applications supporting current energy infrastructures. Recently, CGH developed high-pressure tank systems to aid the transition towards renewable energy with decarbonized and decentralized settings. The company’s primary engineering and production hub, along with its CEE sales office, operate out of Poland, while additional sales offices in Denmark and Belgium cover markets in Scandinavia, Benelux, France, and international markets in Africa and the Middle East.
Krzysztof Jańczak, CEO of CGH, stated: “With H.I.G., we have found the perfect partner to support our growth plans, which include further geographical expansion and product extension, alongside expanding our production capacities. Moving forward, we will continue to serve our trusted customers with tailored tanks and storage systems needed for Europe’s energy transition towards a decarbonized and decentralized energy supply. This partnership with H.I.G. will benefit our customers and employees, and we look forward to working together to build on our success.”
Holger Kleingarn, Managing Director at H.I.G. Capital, remarked: “We are impressed by CGH’s engineering and production capabilities, which allow them to deliver high-quality tanks tailored to their customers’ needs at competitive prices. CGH is well-positioned to benefit from the development of Europe’s renewable energy infrastructure. We are excited to collaborate with CGH’s CEO, Krzysztof Jańczak, and his management team to further facilitate CGH’s impressive growth, both organically and through selective add-on acquisitions.”
