Houlihan Lokey Advises CargoTuff

Houlihan Lokey is pleased to announce that CargoTuff has been acquired by H.I.G. Capital (H.I.G.). The transaction closed on January 29, 2026.

Founded in 2014, CargoTuff (comprising Atlas Dunnage, CargoTuff, and Load Works) 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 is based in Virginia Beach, Virginia, and has a strong global footprint with manufacturing facilities in Turkey and the Dominican Republic. CargoTuff 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 the company to support its customers with consistent quality, compliance, and reliable supply.

Based in Miami, H.I.G. is a leading global alternative investment firm with $74 billion of capital under management.* The firm specializes in providing both debt and equity capital to middle-market companies, utilizing a flexible and operationally focused/value-added approach. 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.

Houlihan Lokey served as the exclusive financial advisor to CargoTuff and assisted in initiating and negotiating the transaction on its behalf. This transaction further strengthens Houlihan Lokey’s market leadership in the paper and packaging sector and highlights its cross-border capabilities in executing complex transactions across multiple geographies.

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