Greif Acquires Caraustar Industries from H.I.G. Capital for $1.8 Billion

Greif Acquires Majority Stake in Centurion Container LLC

April 3, 2023

Industrial Services

Greif, Inc. completed an all-cash transaction to increase its ownership in Centurion Container LLC from 9% to 80% for $145 million, funded through Greif's existing credit facility. Centurion, a North American leader in IBC and plastic drum reconditioning with eight U.S. facilities, will be reported within Greif's Global Industrial Packaging segment and expand Greif's reusable packaging and circular-economy capabilities in North America.

Greif Inc. Acquires 51% Stake in ColePak LLC

September 1, 2023

Packaging

Greif Inc. acquired a 51% majority ownership interest in ColePak LLC in an all-cash transaction funded through Greif's existing credit facility. The deal adds ColePak’s paper partition product line to Greif’s paper converting portfolio, is immediately accretive to margins, and provides exposure to stable food & beverage end markets; Cole family owners Jason and Ryan Cole will remain involved.

Greif, Inc. Acquires Lee Container Corporation

December 15, 2022

Packaging

Greif, Inc. completed the acquisition of Lee Container Corporation for $300 million in an all-cash transaction funded through Greif's existing credit facility. The acquisition expands Greif's jerrycan and small-plastic container footprint in North America, is expected to be margin-accretive, and to generate approximately $6 million in synergies within the first two years.

Greif, Inc. Agrees to Acquire IPACKCHEM Group SAS from SK Capital Partners

October 31, 2023

Packaging

Greif, Inc. has entered into exclusive negotiations to acquire IPACKCHEM Group SAS from an affiliate of SK Capital Partners in a cash transaction valued at $538 million. IPACKCHEM, headquartered in Paris with ~1,400 employees and LTM sales of ~$235 million (adjusted EBITDA ~$57 million), will expand Greif's capabilities in premium barrier and small plastic containers and support growth in EMEA and APAC.

H.I.G. Capital Acquires STS Aviation Group from Greenbriar Equity Group

October 8, 2024

Aerospace & Defense

An affiliate of H.I.G. Capital has completed a strategic equity acquisition of STS Aviation Group from Greenbriar Equity Group. STS’s executive team will remain in place and as significant shareholders while H.I.G. positions the business for global expansion, capability growth, and potential add-on acquisitions in the aviation MRO and parts-distribution market.

H.I.G. Capital Acquires Pixelle Specialty Solutions

May 19, 2022

Manufacturing

H.I.G. Capital, through an affiliate, has completed the acquisition of Pixelle Specialty Solutions Holding LLC, a North American manufacturer of specialty papers and sustainable packaging substrates. The transaction was a sale by Lindsay Goldberg; Pixelle will continue operating its multiple paper mills across the United States under H.I.G.'s ownership to support the company's next phase of growth.