Ascent Lifting Acquires Cargo Control USA

Ascent Lifting (Shorehill Capital) Acquires Brevard Rigging Supply

October 6, 2025

Industrial Services

Ascent Lifting, a Shorehill Capital portfolio company, acquired Cocoa, Florida-based Brevard Rigging Supply LLC on October 6, 2025. The add-on expands Ascent Lifting's presence in Florida and enhances its capabilities in lifting and rigging distribution and fabrication, with Brevard serving end markets including space exploration; terms were not disclosed.

Ascent Lifting Acquires CERTEX USA

March 7, 2024

Industrial Services

Ascent Lifting, a Shorehill Capital portfolio company, completed the acquisition of CERTEX USA, a Phoenix-based distributor and fabricator of lifting and rigging products. The deal — financed by Twin Brook Capital Partners and GMB Capital Partners — expands Ascent's geographic footprint and service capabilities across the U.S.; CERTEX CEO Dee Schweigert becomes CEO of Ascent.

Ascent Lifting Acquires Charleston's Rigging & Marine Hardware

February 3, 2025

Industrial Services

Ascent Lifting, a portfolio company of Shorehill Capital, completed the acquisition of Charleston's Rigging & Marine Hardware (CRMH) on February 3, 2025. The add-on expands Ascent's footprint into South Carolina with two full-service branches (North Charleston and Columbia) and adds fabrication, load-testing and crane-service capabilities.

H.I.G. Capital Acquires Ascent Global Logistics

August 22, 2023

Logistics & Distribution

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.

Ascent Acquires Majority Stake in Central Minnesota Logistics

April 5, 2022

Logistics & Distribution

Ascent Global Logistics acquired a majority stake in Central Minnesota Logistics (CML), a specialized freight brokerage focused on over-dimensional and heavy-haul transportation across North America. The deal folds CML into Ascent's Specialized business segment to expand capability in oversized, heavy-haul and super-load logistics and strengthen service offerings across industries such as construction, energy and manufacturing.

Wesco International Acquires Ascent LLC for $185 Million

November 3, 2024

Infrastructure

Wesco International has acquired Ascent LLC, a data center facility management and services provider, for a cash-free, debt-free purchase price of $185 million. Ascent—headquartered in St. Louis with more than 300 employees and ~$115 million in trailing twelve-month sales—adds site operations, engineering, liquid-cooling capabilities and a proprietary Navigator platform to Wesco's data center solutions portfolio.