Business acquisition

H.I.G. Capital Acquires CargoTuff

Analysis based on 7 articles · First reported Feb 05, 2026 · Last updated Feb 06, 2026

Sentiment

Attention

Articles

Market Impact

Direct

Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard

Market Impact

The acquisition of CargoTuff by H.I.G. Capital is expected to positively impact the logistics and transportation sectors by fostering growth and innovation in load securement solutions. This event signals continued private equity interest in specialized industrial markets.

Logistics Manufacturing Private equity

Event Summary

H.I.G. Capital, an alternative investment firm, has completed the acquisition of CargoTuff, a Virginia-headquartered manufacturer and distributor of load securement products. CargoTuff's management team, including Co-CEOs Helmut Elze and Selim Akdogan, will remain in place. H.I.G. Capital plans to support CargoTuff's continued investment in growth, with expectations to expand product capabilities and its global manufacturing footprint. CargoTuff specializes in dunnage airbags, lashing, strapping, and related solutions for rail, ocean, truck, and intermodal shipping, serving transportation, logistics, consumer goods, and industrial end markets. Houlihan Lokey advised CargoTuff, and William Blair & Company advised H.I.G. Capital on the transaction.

Key Actions

100 H.I.G. Capital acquired CargoTuff

100 CargoTuff was acquired by H.I.G. Capital

30 Houlihan Lokey served as financial advisor to CargoTuff

30 William Blair & Company served as financial advisor to H.I.G. Capital

Entities Involved

priv

H.I.G. Capital

H.I.G. Capital, an alternative investment firm, has acquired CargoTuff, aiming to support its continued growth and expansion of product capabilities and global manufacturing footprint.

Importance 90 Sentiment 20

priv

CargoTuff

CargoTuff, a manufacturer of load securement products, has been acquired by H.I.G. Capital. The company expects to expand its product capabilities and global manufacturing footprint with the new partnership.

Importance 90 Sentiment 20

per

Helmut Elze

Helmut Elze, Co-CEO of CargoTuff, will remain in his leadership role following the acquisition by H.I.G. Capital and is excited to partner with H.I.G. to further CargoTuff's vision.

Importance 60 Sentiment 10

per

Selim Akdogan

Selim Akdogan, Co-CEO of CargoTuff, will remain in his leadership role after the acquisition by H.I.G. Capital.

Importance 60 Sentiment 10

stock

Houlihan Lokey

Houlihan Lokey served as the exclusive financial advisor to CargoTuff during its acquisition by H.I.G. Capital.

Importance 30 Sentiment 10

priv

William Blair & Company

William Blair & Company served as the exclusive financial advisor to H.I.G. Capital for the acquisition of CargoTuff.

Importance 30 Sentiment 10

Relationships

Helmut Elze related ↔ CargoTuff

Selim Akdogan related ↔ CargoTuff

H.I.G. Capital related ↔ CargoTuff

NEWSDESK

Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard