H.I.G. Capital has recently signed a definitive agreement to acquire CGH Group, a leading manufacturer of engineered storage tanks and tank accessories in the EMEA region. This acquisition is set to enhance CGH’s production capacities and support Europe’s transition towards renewable and decarbonized energy systems.
A Bold Move Towards Growth
H.I.G. Capital, a global alternative investment firm managing $64 billion in capital, has announced the acquisition of CGH Group.
Established in the mid-1990s and headquartered in Bydgoszcz, Poland, CGH is known for its automated production process of environmentally friendly storage tanks for flammable and hazardous liquids, water, and LPG.
The company’s high-pressure tank systems also support renewable energy infrastructure.
Overcoming Challenges and Expanding Horizons
Krzysztof Jańczak, CEO of CGH, expressed optimism about the partnership with H.I.G. Capital.
“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.”
He further emphasized the potential for geographical expansion and product extension, enhancing production capacities to serve customers better.
This partnership aims to drive the European energy transition towards a decarbonized and decentralized energy supply.
A Strong Partnership for Future Growth
Holger Kleingarn, Managing Director at H.I.G. Capital, highlighted CGH’s impressive engineering and production capabilities. This acquisition aligns with H.I.G.’s strategy to support the build-up of Europe’s renewable energy infrastructure.
With this partnership, CGH is well-positioned to continue its remarkable growth, both organically and through selective acquisitions.
Comprehensive Overview of the Acquisition
The acquisition of CGH Group by H.I.G. Capital is a significant step in bolstering the renewable energy sector.
CGH’s fully automated production process ensures high-quality storage tanks that meet the needs of various industries, including energy, water, and hazardous liquids.
The company’s recent focus on high-pressure tank systems aligns with the broader European agenda of energy decarbonization.
Benefits of the Acquisition
Geographical Expansion: CGH’s production hub in Poland and sales offices in Denmark and Belgium cover markets in Scandinavia, Benelux, France, Africa, and the Middle East. This geographical presence is set to expand further under H.I.G.’s guidance.
Enhanced Production Capacities: The partnership will enable CGH to increase its production capacities, ensuring it meets the growing demand for storage tanks in the renewable energy sector.
Customer-Centric Approach: CGH will continue to serve its customers with tailored tanks and storage systems, essential for the European energy transition towards a decarbonized and decentralized energy supply.
A Look at CGH Group
Founded in the mid-1990s, CGH Group has built a reputation for its automated production process of storage tanks for various applications.
The company’s headquarters in Bydgoszcz, Poland, serves as the core engineering and production hub, with additional sales offices in Denmark and Belgium. Recently, CGH developed high-pressure tank systems to support the transition towards renewable energy.
H.I.G. Capital’s Vision for CGH Group
H.I.G. Capital, with its extensive experience in managing middle-market companies, sees great potential in CGH Group.
The investment firm plans to support CGH’s growth plans, including further geographical expansion and product extension. This strategic partnership aims to enhance CGH’s capabilities, benefiting both customers and employees.
H.I.G. Capital’s Investment Highlights
Key Aspect |
Details |
|---|---|
| Acquisition Target | CGH Group |
| Established | Mid-1990s |
| Headquarters | Bydgoszcz, Poland |
| Production Focus | Engineered storage tanks, high-pressure systems |
| Key Markets | EMEA, Scandinavia, Benelux, France, Africa, ME |
| Strategic Goals | Geographical expansion, product extension |
| Investment Firm | H.I.G. Capital |
| Capital Under Management | $64 billion |
Supporting Europe’s Energy Transition
The acquisition of CGH Group by H.I.G. Capital underscores the commitment to supporting Europe’s renewable energy infrastructure. CGH’s expertise in manufacturing high-quality storage tanks aligns with the broader goal of achieving energy decarbonization and sustainability.
Final Thoughts
The definitive agreement between H.I.G. Capital and CGH Group marks a significant milestone in the renewable energy sector. With enhanced production capacities and a strategic partnership, CGH is poised to play a crucial role in Europe’s energy transition.
This acquisition reflects H.I.G. Capital’s dedication to fostering growth and innovation in the renewable energy market.
Sources: THX News & H.I.G. Capital.
