Ascent Acquires Majority Stake in Central Minnesota Logistics

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 Lifting Acquires Cargo Control USA

March 6, 2023

Industrial Services

Ascent Lifting, a Shorehill Capital-backed distributor and fabricator of lifting and rigging products, completed the acquisition of Cargo Control USA on March 1, 2023. The add-on deal expands Ascent Lifting's product offering, production and warehouse capacity and extends its geographic reach into Sanford, North Carolina.

Trinity Logistics Acquires Granite Logistics

January 5, 2026

Logistics & Distribution

Trinity Logistics has completed the full acquisition of Granite Logistics, bringing the longtime freight agent partner into its organization and adding two Regional Service Centers in Sartell and Minneapolis, Minnesota. The deal brings approximately 135 team members into Trinity and expands its specialized capabilities in flatbed, over-dimensional, and heavy-haul freight across the Upper Midwest.

MGN Logistics Acquires Republic Logistic Services

July 23, 2021

Logistics & Distribution

MGN Logistics, Inc. acquired Republic Logistic Services, a California-based niche freight brokerage, to establish a West Coast presence and expand its freight management business. The deal is intended to support wider adoption of MGN's proprietary cloud-based Transportation Management System (TMS) and improve service for existing and new customers.

UPS Acquires MNX Global Logistics from Quad‑C Management

November 6, 2023

Logistics & Distribution

UPS has completed the acquisition of MNX Global Logistics, a U.S.-based time-critical logistics provider, from private equity firm Quad‑C Management. The deal expands UPS’s time-critical and healthcare logistics capabilities, adding MNX’s expertise in life sciences, medical device shipments and mission-critical parts delivery to UPS’s healthcare and global logistics offerings.

Magnate Worldwide Acquires Cargo Logistics Group

June 6, 2023

Transportation

Magnate Worldwide has acquired Cargo Logistics Group (CLG), a specialized provider of custom logistics solutions founded in 1993. CLG will join Magnate’s Masterpiece International platform, expanding the group's capabilities in mission-critical freight forwarding and adding a direct presence in the Baltimore/Washington, D.C. area.