H.I.G.-Backed OB Streem Acquires Med Frigo for Temperature-Controlled Logistics Expansion
Event summary
- H.I.G. Capital's portfolio company OB Streem completed the acquisition of Med Frigo, a leading temperature-controlled logistics provider in Europe, on July 13, 2026.
- Med Frigo operates a network of cold-chain facilities and refrigerated fleet serving Greece’s aquaculture export market, with strong margins and resilience across market cycles.
- OB Streem, with revenues exceeding $500 million post-acquisition, aims to capture operational efficiencies and optimize its network in Southeast Europe.
- Alexandros Karafillides, appointed CEO of OB Streem earlier this year, brings 25 years of international consumer goods experience.
The big picture
This acquisition strengthens OB Streem’s position as a dominant logistics player in Southeast Europe, aligning with broader industry trends of consolidation in temperature-controlled supply chains. H.I.G. Capital’s $75 billion AUM underscores its aggressive strategy in scaling mid-market logistics platforms through targeted acquisitions.
What we're watching
- Integration Challenges
- How OB Streem will merge Med Frigo’s specialized cold-chain operations with its existing logistics platform without disrupting service quality.
- Market Expansion
- Whether the combined entity can leverage Med Frigo’s expertise to penetrate new markets beyond Greece’s aquaculture sector.
- Operational Synergies
- The pace at which OB Streem realizes cost savings and revenue growth from shared infrastructure and optimized fleet operations.