Funds advised by investment firm Triton have completed the acquisition MacGregor business from Hiab (formerly Cargotec).
MacGregor is a global manufacturer of maritime and offshore cargo and load handling equipement. Triton said MacGregor holds a market-leading position, with more than 50 per cent of the global merchant fleet having MacGregor equipment on board such as cranes, winches, windlasses and offshore gangways.
In 2024, MacGregor’s sales totalled approximately €800 million (US$920 million) and the company employs about 2,000 people across 30 countries.
"The acquisition of MacGregor is aligned with Triton’s strategy of investing in industrial technology leaders with strong engineering capabilities and a focus on mission-critical services," Triton said. "MacGregor’s trusted brand, high-quality equipment, and significant aftermarket potential make it a compelling addition to the portfolio.
"With a long track record of executing carve-outs, Triton is well positioned to support MacGregor’s transition to an independent company and its continued development as a global market leader."