H.I.G. Capital Completes Acquisition of CargoTuff

H.I.G. Capital to Acquire CGH Group

July 4, 2024

Manufacturing

H.I.G. Capital (via an affiliate) has signed a definitive agreement to acquire CGH Group S.A., a manufacturer of large, engineered storage tanks and tank accessories serving EMEA. The deal is subject to antitrust clearance and will support CGH’s growth plans including geographical expansion, product extension, and additional production capacity.

H.I.G. Capital Acquires Ascent Global Logistics

August 22, 2023

Logistics & Distribution

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Ascent Global Logistics from affiliates controlled by Elliott Investment Management. Ascent's management team and Elliott will retain minority stakes; H.I.G. said it will support Ascent's growth by investing in technology, broadening capabilities, expanding global reach and enhancing its carrier network.

Ascent Lifting Acquires Cargo Control USA

March 6, 2023

Industrial Services

Ascent Lifting, a Shorehill Capital-backed distributor and fabricator of lifting and rigging products, completed the acquisition of Cargo Control USA on March 1, 2023. The add-on deal expands Ascent Lifting's product offering, production and warehouse capacity and extends its geographic reach into Sanford, North Carolina.

H.I.G. Capital Completes Growth Investment in Load One

June 22, 2022

Logistics & Distribution

H.I.G. Capital completed a growth investment in Load One, LLC, partnering with founder and CEO John Elliott and the existing management team to support the company's organic growth and M&A-driven consolidation. Load One, headquartered outside Detroit, Michigan, is a provider of expedited transportation and logistics services across the U.S., Canada, and Mexico; H.I.G. will provide capital and resources to accelerate strategic growth initiatives.

ShipHero Acquires Cargo Cove Fulfillment

October 22, 2021

Logistics & Distribution

ShipHero has acquired Cargo Cove Fulfillment, a Jacksonville, Florida-based full-service e-commerce logistics and fulfillment provider. The deal integrates Cargo Cove's fulfillment, picking/packing, inventory management and returns services (which serve over 50 e-commerce brands and have shipped over one million orders) into ShipHero's fulfillment network to expand its southeastern U.S. footprint and strengthen its fulfillment capabilities following a $50 million financing round.

H.I.G. Capital Completes Acquisition of Pixelle Specialty Solutions

May 19, 2022

Manufacturing

H.I.G. Capital, through an affiliate, completed the acquisition of Pixelle Specialty Solutions Holding LLC. Pixelle is a North American producer of fiber-based specialty papers and sustainable packaging products, operating four specialty paper mills across Ohio, Maine, Pennsylvania, and Wisconsin.