MIAMI, Feb. 5, 2026 /PRNewswire/ -- H.I.G. Capital ("H.I.G."), a leading 
global alternative investment firm with $74 billion of capital under 
management, is pleased to announce that one of its affiliates has 
completed the acquisition of CargoTuff ("CargoTuff" or the "Company"), a 
leading manufacturer and distributor of load securement products. 
CargoTuff's management team, led by Co-CEOs Helmut Elze and Selim 
Akdogan, will continue to lead the Company. 
 
 
 
   Founded in 2014 and headquartered in Virginia, CargoTuff manufactures a 
complete line of dunnage airbags, lashing, strapping, and related load 
securement solutions used across rail, ocean, truck, and intermodal 
shipping applications to prevent load shifting and reduce freight 
damage. The Company serves a diversified customer base across 
transportation, logistics, consumer goods, and industrial end markets 
through its vertically integrated manufacturing operations and a global 
distribution network, uniquely positioning CargoTuff to support its 
customers with consistent quality, compliance, and reliable supply. 
 
 
   Matt Kever, Managing Director at H.I.G., said, "CargoTuff's consumable 
and recyclable products provide critical protection for in-transit 
shipping within their customers' supply chains. We look forward to 
supporting CargoTuff as it continues to invest in growth while 
maintaining its industry leading quality and service levels." 
 
 
   Helmut Elze, Co-CEO of CargoTuff, added, "Since founding CargoTuff, 
we've aligned on the vision of being the leading provider and innovator 
of load securement solutions in North America and Europe. We are excited 
to partner with H.I.G. to further this vision by expanding our product 
capabilities and global manufacturing footprint." 
 
 
   Selim Akdo an, Co-CEO of CargoTuff, said, "We are grateful to our 
employees, whose commitment and expertise have built CargoTuff into the 
business it is today. With H.I.G.'s support, we plan to continue to 
invest in our operational footprint and scale efficiently to meet demand 
across our growing global customer base." 
 
 
   Houlihan Lokey and William Blair served as exclusive financial advisors 
to CargoTuff and H.I.G. Capital, respectively. 
 
 
   About CargoTuff 
 
 
   CargoTuff is a global manufacturer and distributor of load securement 
products used to prevent load shifting and reduce freight damage. The 
Company specializes in dunnage bags, lashing, and strapping systems 
designed for use across rail, ocean, truck, and intermodal shipping 
applications. With vertically integrated manufacturing capabilities and 
a commitment to quality, safety, and compliance, CargoTuff serves a 
diversified base of customers across transportation, logistics, consumer 
goods, and industrial end markets. For more information, please visit 
cargo-tuff.com. 
 
 
   About H.I.G. Capital 
 
 
   H.I.G. Capital is a leading global alternative investment firm with $74 
billion of capital under management.* Based in Miami, and with offices 
in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and 
Stamford in the United States, as well as international affiliate 
offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, 
Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, 
H.I.G. specializes in providing both debt and equity capital to middle 
market companies, utilizing a flexible and operationally 
focused/value-added approach: 
 
 
   -- H.I.G.'s equity funds invest in management buyouts, recapitalizations, 
 
      and corporate carve-outs of both profitable as well as underperforming 
 
      manufacturing and service businesses. 
 
 
 
   -- H.I.G.'s debt funds invest in senior, unitranche, and junior debt 
 
      financing to companies across the size spectrum, both on a primary 
 
      (direct origination) basis, as well as in the secondary markets. H.I.G. 
 
      also manages a publicly traded BDC, WhiteHorse Finance. 
 
 
 
   -- H.I.G.'s real estate funds invest in value-added properties, which can 
 
      benefit from improved asset management practices. 
 
 
 
   -- H.I.G. Infrastructure focuses on making value-add and core plus 
 
      investments in the infrastructure sector. 
 
 
   Since its founding in 1993, H.I.G. has invested in and managed more than 
400 companies worldwide. The Firm's current portfolio includes more than 
100 companies with combined sales in excess of $53 billion. For more 
information, please refer to the H.I.G. website at hig.com. 
 
 
   *Based on total capital raised by H.I.G. Capital and its affiliates. 
 
 
   Contact: 
 
   Matt Kever 
 
   Managing Director 
 
 
   mkever@hig.com 
 
   H.I.G. Capital 
 
   1450 Brickell Avenue 
 
   31st Floor 
 
   Miami, FL 33131 
 
   P: 305.379.2322 
 
 
   hig.com 
 
 
 
 
 
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   SOURCE H.I.G. Capital 
 
 
 
 
 
 

(END) Dow Jones Newswires

February 05, 2026 09:37 ET (14:37 GMT)