#United States #Virginia #CargoTuff #HIG Capital #Load Securement

H.I.G. Capital Expands Its Capabilities with CargoTuff Acquisition

In a strategic move to enhance its investment portfolio, H.I.G. Capital, a prominent global alternative investment firm managing $74 billion in capital, has finalized the acquisition of CargoTuff, recognized for its specialized manufacturing and distribution of load securement products. The announcement was made by H.I.G. on February 5, 2026, marking a significant milestone for both entities.

Understanding the Acquisition

The acquisition positions H.I.G. Capital to leverage CargoTuff's expertise in preventing load shifting and reducing freight damage through innovative products. Founded in 2014 and based in Virginia, CargoTuff offers a comprehensive range of dunnage airbags, strapping systems, and lashing solutions essential for rail, ocean, truck, and intermodal shipping. These products are critical for various sectors including transportation, logistics, consumer goods, and industrial markets.

The leadership at CargoTuff will remain intact, with Co-CEOs Helmut Elze and Selim Akdogan continuing to guide the company. Their commitment to innovation and customer service aligns well with H.I.G.'s vision for growth, suggesting a promising future for the combined entities.

Commitment to Quality and Service

Matt Kever, Managing Director at H.I.G., expressed enthusiasm about the partnership, emphasizing that CargoTuff's consumable and recyclable products are vital in enhancing supply chain efficiency for their customers. The firm’s plans include significant investments to bolster CargoTuff’s growth trajectory while maintaining exceptional quality and service standards.

Elze, reflecting on the journey of founding CargoTuff, stated that their vision is to be the leading provider and innovator in the load securement market across North America and Europe. The partnership with H.I.G. Capital is seen as a strategic enhancement to expand their product capabilities and global manufacturing reach.

Selim Akdogan shared a similar sentiment, thanking the dedicated employees whose hard work has contributed to CargoTuff’s success. With H.I.G.'s backing, they aim to scale their operations efficiently to meet the demands of a diverse, growing customer base.

The Market Landscape

CargoTuff has established itself as a significant player in the load securement industry, offering a vertically integrated manufacturing process that ensures quality and compliance. With a global distribution network, the company is uniquely equipped to serve its diverse clientele, addressing their needs for reliable supply and high standards of product performance.

As supply chain dynamics continue to evolve, the demand for effective load securement solutions is more critical than ever. H.I.G. Capital’s investment in CargoTuff aims to reinforce its market position and accelerate growth, which is crucial in the increasingly competitive landscape of logistics and transportation.

About H.I.G. Capital

Founded in 1993, H.I.G. Capital has a robust history of over 400 successful investments, focusing particularly on middle-market firms. The firm operates from its headquarters in Miami, with a significant global presence, including offices in major cities such as New York, San Francisco, and London. Its investment strategy encompasses both equity and debt financing, tailored to meet the varied needs of different sectors.

This acquisition underscores H.I.G.'s commitment to its operationally focused approach, emphasizing value-add strategies across its portfolio. As H.I.G. Capital continues to invest in growth-oriented companies like CargoTuff, stakeholders can anticipate a forward momentum in operational capabilities and service offerings.

For further details on CargoTuff and its services, visit cargo-tuff.com. Branching out with H.I.G. Capital's expertise marks a new chapter for CargoTuff, promising innovations and a broader reach in the essential area of load securement solutions.