H.I.G. Capital Acquires CargoTuff to Enhance Load Securement Solutions

H.I.G. Capital, a leading global alternative investment firm with $74 billion in capital under management, has successfully acquired CargoTuff, a Virginia-based manufacturer and distributor of load securement products. The acquisition, finalized on February 5, 2026, allows CargoTuff’s management team, led by Co-CEOs Helmut Elze and Selim Akdogan, to remain at the helm of the company.

Founded in 2014, CargoTuff specializes in producing a comprehensive range of load securement solutions, including dunnage airbags, lashing, and strapping systems. These products are essential for preventing load shifting and minimizing freight damage across various shipping modalities, including rail, ocean, truck, and intermodal transport. The company serves a diverse clientele in transportation, logistics, consumer goods, and industrial sectors, leveraging its vertically integrated manufacturing operations and global distribution network.

Matt Kever, Managing Director at H.I.G., emphasized the strategic importance of the acquisition, stating, “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, expressed enthusiasm about the partnership, noting, “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.”

With this acquisition, H.I.G. aims to enhance CargoTuff’s market position in North America and Europe. The deal is expected to create synergies through cross-selling opportunities within H.I.G.’s portfolio and expanding CargoTuff’s product offerings into new markets. Additionally, the acquisition may lead to economies of scale in manufacturing and improved operational efficiencies through shared best practices.

Looking ahead, CargoTuff plans to invest in research and development to innovate new load securement solutions and enhance its distribution capabilities. However, the integration process may present challenges, including aligning corporate cultures and managing operational processes. The acquisition is anticipated to prompt competitors to enhance their offerings or pursue similar acquisitions, accelerating industry consolidation.

Overall, this acquisition positions CargoTuff for significant growth and innovation in the load securement market, with H.I.G. providing the necessary support to achieve these goals.