H.I.G. Capital Acquires Ascent Global Logistics

August 22, 2023

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Ascent Global Logistics from affiliates controlled by Elliott Investment Management. Ascent's management team and Elliott will retain minority stakes; H.I.G. said it will support Ascent's growth by investing in technology, broadening capabilities, expanding global reach and enhancing its carrier network.

Buyers
H.I.G. Capital
Targets
Ascent Global Logistics
Sellers
Affiliates controlled by Elliott Investment Management L.P.
Location
Michigan, United States
Transaction Type
Buyout

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