Sovereign's Capital Acquires Ascend Wireless Networks

Ascend and Honor Capital to Merge, Creating Vertically Integrated Insurance Financial Operations Platform

May 14, 2026

Financial Services

Ascend and Honor Capital have entered into a definitive agreement to merge, aiming to create the insurance industry’s first fully vertically integrated financial operations platform. The combined platform is designed to unify AI-powered accounting and invoicing automation, embedded payments, and native premium financing from collection to close.

Battery Ventures Invests in Ascendant

January 19, 2023

Payments & Fintech

Battery Ventures has agreed to make a significant strategic investment in Ascendant (AscendantFX Capital Inc.), becoming the company's primary investor to accelerate product innovation, network expansion and growth. Ascendant, a Toronto-based cross-border payments fintech serving over 2,000 financial institutions and corporate customers, said the transaction is expected to close in H1 2023 subject to regulatory approval; Raymond James acted as Ascendant's exclusive financial advisor.

Ascend Technologies Acquires Stratosphere Networks' Managed IT and Security Services Division

December 2, 2021

IT Services

Ascend Technologies has acquired the managed IT and security services division of Stratosphere Networks in a carve-out that expands Ascend’s presence and managed services capability in the Chicago area. Stratosphere will retain its IT project, voice services and consulting businesses while Ascend — backed by private equity partner M/C Partners — onboards the transferred managed services staff and clients.

Borgman Capital Acquires SRU Electric and SatTel Broadband (added to AscendTek)

April 27, 2021

Telecommunications

Borgman Capital acquired SRU Electric, Inc. and SatTel Broadband, Inc., adding both telecommunications infrastructure contractors to its AscendTek platform. The add-on acquisitions expand AscendTek’s geographic footprint and capabilities to support accelerated 5G network infrastructure rollouts across the U.S.

COMSovereign Acquires Fastback Networks

August 24, 2020

Telecommunications

COMSovereign Holding Corp. agreed to acquire all equity interests of Skyline Technology Partners, LLC d/b/a Fastback Networks for approximately $14 million in cash and debentures (including convertible debentures). The acquisition adds Fastback's intelligent backhaul radios, operations, customers and a portfolio of patents (65 granted, 12 pending) to COMSovereign's 5G connectivity and wireless backhaul product and IP portfolio, broadening its capabilities for Tier-1 and private 5G deployments.

Tower Extrusions Acquires Ascend Custom Extrusions Assets from Highlander Partners

December 3, 2018

Manufacturing

Tower Extrusions, Ltd. acquired substantially all assets of Ascend Custom Extrusions LLC from Highlander Partners, L.P., expanding Tower's extrusion capacity in Wylie, Texas. The transaction transfers Ascend's three extrusion presses and finishing capabilities to Tower, broadening its product offering and ability to serve building, transportation, and consumer durables markets.