OB Streem Expands Logistics Network with Acquisition of Med Frigo
In a significant move to bolster its position in the logistics market, OB Streem, a portfolio company of H.I.G. Capital, has announced the acquisition of Med Frigo S.A., a top provider of temperature-controlled transportation and logistics services in Europe. This strategic acquisition marks a key milestone in OB Streem's evolution and aims to enhance its operational capabilities within the logistics sector.
Founded in 1991, Med Frigo has carved out a leading position in the realm of temperature-controlled logistics, focusing primarily on the Greek aquaculture export market. The company has established a robust network that supports the largest aquaculture producers in Greece, ensuring the safe transportation of fresh fish across Europe via its owned cold-chain facilities and refrigerated fleet. Leveraging an integrated operating model that combines owned infrastructure and optimized fleet management, Med Frigo has consistently delivered strong profit margins while demonstrating resilience in varying market conditions.
The acquisition represents a critical step for OB Streem, which has enjoyed a period of strategic growth, particularly under the leadership of Alexandros Karafillides, who was recently appointed as CEO. With over 25 years of extensive experience in the consumer goods sector, Karafillides is well-positioned to guide the group through this exciting new chapter.
OB Streem stands as Greece's largest end-to-end logistics partner, offering an extensive range of services across key European trade corridors. Through this acquisition, OB Streem aims to enhance its temperature-controlled logistics services and broaden its geographic reach. With revenues believed to exceed $500 million, the merger forms a solid platform poised to achieve operational efficiencies and deepen its relationships with existing customers
Alexandros Karafillides stated, "This acquisition of Med Frigo signifies a pivotal moment for our growth trajectory. By integrating Med Frigo’s formidable expertise into our operations, we enhance our service offerings, opening doors to new growth opportunities while further consolidating our standing in the temperature-controlled logistics landscape. Together, we are committed to upholding excellence and delivering quality services that satisfy our clientele."
Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe commented on Med Frigo’s impressive legacy in the logistics sector, emphasizing that their combined strengths will create a unique platform for future growth. Following the acquisition, the aim is to better capitalize on the vast opportunities within the logistics market while continuing to meet customer needs effectively.
As logistics continues to be an essential component of international trade, this acquisition by OB Streem reflects a strategic move designed to redefine logistics service offerings in Southeast Europe. Positioned for continued growth, the newly formed entity stands ready to take on the challenges of the future while maintaining its commitment to operational excellence and customer satisfaction. For further inquiry or additional information, visit ob-streem.com.
H.I.G. Capital is recognized as a premier alternative investment firm with $75 billion in capital under management. The firm focuses on providing both debt and equity capital to middle-market companies, utilizing an operationally-oriented and value-added approach. Established in 1993, H.I.G. has invested in over 400 companies globally. For more information on H.I.G. Capital, visit hig.com.
Overview of Med Frigo
Founded in 1991, Med Frigo has carved out a leading position in the realm of temperature-controlled logistics, focusing primarily on the Greek aquaculture export market. The company has established a robust network that supports the largest aquaculture producers in Greece, ensuring the safe transportation of fresh fish across Europe via its owned cold-chain facilities and refrigerated fleet. Leveraging an integrated operating model that combines owned infrastructure and optimized fleet management, Med Frigo has consistently delivered strong profit margins while demonstrating resilience in varying market conditions.
The acquisition represents a critical step for OB Streem, which has enjoyed a period of strategic growth, particularly under the leadership of Alexandros Karafillides, who was recently appointed as CEO. With over 25 years of extensive experience in the consumer goods sector, Karafillides is well-positioned to guide the group through this exciting new chapter.
Expanding Operational Reach
OB Streem stands as Greece's largest end-to-end logistics partner, offering an extensive range of services across key European trade corridors. Through this acquisition, OB Streem aims to enhance its temperature-controlled logistics services and broaden its geographic reach. With revenues believed to exceed $500 million, the merger forms a solid platform poised to achieve operational efficiencies and deepen its relationships with existing customers
Alexandros Karafillides stated, "This acquisition of Med Frigo signifies a pivotal moment for our growth trajectory. By integrating Med Frigo’s formidable expertise into our operations, we enhance our service offerings, opening doors to new growth opportunities while further consolidating our standing in the temperature-controlled logistics landscape. Together, we are committed to upholding excellence and delivering quality services that satisfy our clientele."
Future Prospects
Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe commented on Med Frigo’s impressive legacy in the logistics sector, emphasizing that their combined strengths will create a unique platform for future growth. Following the acquisition, the aim is to better capitalize on the vast opportunities within the logistics market while continuing to meet customer needs effectively.
Conclusion
As logistics continues to be an essential component of international trade, this acquisition by OB Streem reflects a strategic move designed to redefine logistics service offerings in Southeast Europe. Positioned for continued growth, the newly formed entity stands ready to take on the challenges of the future while maintaining its commitment to operational excellence and customer satisfaction. For further inquiry or additional information, visit ob-streem.com.
About H.I.G. Capital
H.I.G. Capital is recognized as a premier alternative investment firm with $75 billion in capital under management. The firm focuses on providing both debt and equity capital to middle-market companies, utilizing an operationally-oriented and value-added approach. Established in 1993, H.I.G. has invested in over 400 companies globally. For more information on H.I.G. Capital, visit hig.com.
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