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.
- Industry
- Logistics & Distribution
- Location
- Michigan, United States
- Transaction Type
- Buyout
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