Tower Extrusions Acquires Ascend Custom Extrusions Assets from Highlander Partners

Sovereign's Capital Acquires Ascend Wireless Networks

February 1, 2023

Telecommunications

Sovereign's Capital, a lower middle-market private equity firm, has acquired Ascend Wireless Networks, a design-build telecommunications infrastructure and tower services contractor founded in 2013. Hyde Park Capital served as the exclusive sell-side advisor to Ascend's shareholders; the acquisition positions Ascend to expand its telecom infrastructure capabilities under Sovereign's ownership.

Express Elevator (ESI) Acquires Ascend Elevator

April 17, 2025

Industrial Services

Express Elevator, a division of Elevator Service, Inc. (ESI), has acquired Ascend Elevator, an independent elevator service provider based in Brown Deer, Wisconsin. The add-on expands Express Elevator/ESI's service footprint in the Milwaukee area and brings Ascend's customers and capabilities into the Express & ESI network.

Advent International and Cinven Acquire thyssenkrupp Elevator from thyssenkrupp AG

July 31, 2020

Manufacturing

Advent International and Cinven have completed the acquisition of thyssenkrupp's Elevator Technology business (thyssenkrupp Elevator) from thyssenkrupp AG, with thyssenkrupp AG retaining a substantial minority stake. The global elevator and escalator manufacturer and service provider is headquartered in Germany and will pursue growth through geographic expansion, strategic acquisitions, and investment in R&D backed by the Consortium's financial resources.

Radancy Acquires Ascendify

April 4, 2023

Cloud & SaaS

Radancy, a New Mountain Capital–backed talent acquisition platform, has acquired Ascendify to add advanced candidate relationship management (CRM) capabilities to the Radancy Talent Acquisition Cloud. The acquisition expands Radancy’s SaaS offering for enterprise recruiting by integrating Ascendify’s CRM, sourcing, workflow automation and interview/event management features.

Republic Strategic Investments Acquires Team Pride Extrusions

March 15, 2024

Manufacturing

Republic Strategic Investments, a Phoenix-based private equity firm, acquired Team Pride Extrusions, a custom aluminum extrusion manufacturer in Megargel, Texas. The transaction closed March 15, 2024, and the sellers were owners Darryl Anderson Sr. and Todd Lewallen, with Lewallen remaining as CEO and a partner post-closing.

Ascend Technologies Acquires Switchfast Technologies

May 4, 2021

IT Services

Ascend Technologies, backed by private equity firm M/C Partners, acquired Switchfast Technologies to expand its IT managed and consulting services offering. The add-on expands Ascend's service capabilities in the Midwest and increases the combined organization to over 240 U.S.-based professionals with offices in Chicago, Illinois and Lincoln, Nebraska.