OB Streem, an H.I.G. Capital Portfolio Company, Completes the Acquisition of Med Frigo

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $75 billion of capital under management, is pleased to announce that its portfolio company, OB Streem ("OB Streem" or the "Group"), has completed the acquisition of Med Frigo S.A. ("Med Frigo" or "the Company"), a leading provider of temperature-controlled transportation and logistics services in Europe.Founded in 1991, Med Frigo has established a leading position in temperature-controlled logistics, becoming a logistics leader in the Greek aquaculture export market. The Company serves the largest aquaculture producers in Greece, managing the transportation of fresh fish exports across Europe through a network of owned cold-chain facilities and a refrigerated fleet. Backed by an integrated operating model that combines owned infrastructure, optimized round-trip fleet operations, and trusted client relationships developed over more than three decades, Med Frigo has consistently delivered strong margins and demonstrated resilience across market cycles.The acquisition follows a period of strategic momentum for OB Stream, including the recent appointment of Alexandros Karafillides as Chief Executive Officer. Alexandros brings more than 25 years of international experience in the consumer goods sector, with senior positions in Greece and abroad. The Group also completed a significant financing with a consortium of leading European banks, to support the continued expansion of the Group.OB Streem is a fully integrated logistics platform operating across key European trade corridors, offering cold storage, ambient storage, container depots, outdoor storage, and freight forwarding and transportation services. The Group's acquisition of Med Frigo expands its temperature-controlled capabilities and geographic footprint, and with revenues exceeding $500 million, the combined platform is well positioned to capture operational efficiencies, optimize its network, and deepen customer relationships across core markets.Alexandros Karafillides, Chief Executive Officer of OB Streem, commented: "The acquisition of Med Frigo marks a significant milestone for OB Streem and our growth journey. The integration of Med Frigo into our organization will further broaden the solutions we offer, creating new growth opportunities and expanding capabilities in temperature-controlled transportation and logistics. With a shared commitment to operational excellence and the delivery of high-quality services, we are building an even stronger organization, further reinforcing our position as a leading reference point in the logistics industry across Southeast Europe."Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe, added: "Med Frigo brings a depth of expertise and a network in temperature-controlled logistics that is difficult to replicate. Together with OB Streem's existing infrastructure and capabilities, we have created a unique platform. We look forward to working with Alexandros and both management teams to capture the significant opportunities ahead."

OB Streem, an H.I.G. Capital Portfolio Company, Completes the Acquisition of Med Frigo

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