H.I.G. Capital Affiliate Acquires CargoTuff

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.

H.I.G. Capital Completes Growth Investment in Load One

June 22, 2022

Logistics & Distribution

H.I.G. Capital completed a growth investment in Load One, LLC, partnering with founder and CEO John Elliott and the existing management team to support the company's organic growth and M&A-driven consolidation. Load One, headquartered outside Detroit, Michigan, is a provider of expedited transportation and logistics services across the U.S., Canada, and Mexico; H.I.G. will provide capital and resources to accelerate strategic growth initiatives.

H.I.G. Capital Acquires STS Aviation Group from Greenbriar Equity Group

October 8, 2024

Aerospace & Defense

An affiliate of H.I.G. Capital has completed a strategic equity acquisition of STS Aviation Group from Greenbriar Equity Group. STS’s executive team will remain in place and as significant shareholders while H.I.G. positions the business for global expansion, capability growth, and potential add-on acquisitions in the aviation MRO and parts-distribution market.

Hub Group Acquires TAGG Logistics

August 22, 2022

Transportation

Hub Group (Nasdaq: HUBG) acquired TAGG Logistics, a nationwide e-commerce, B2B and omnichannel fulfillment and transportation services provider, for $103 million in cash. The acquisition adds TAGG's ~4 million square feet of warehouse capacity, ~800 employees and expected $200 million of 2022 revenue to Hub Group’s logistics offering, expanding its consolidation and fulfillment footprint and e-commerce capabilities.

Shur-Co (Behrman Capital Portfolio Company) Acquires AB Airbags

May 22, 2024

Manufacturing

Shur-Co, a portfolio company of Behrman Capital, has acquired AB Airbags, a Carlsbad, California–based supplier of dunnage airbags, accessory tools and cargo securement solutions. The deal expands Shur-Co’s protective packaging and cargo control product offering and distribution footprint; financial terms were not disclosed and Mesirow served as exclusive sell-side advisor to AB Airbags.