H.I.G. Capital has signed a definitive agreement to acquire Ascent Global Logistics, a provider of technology-enabled, expedited logistics and supply-chain solution services from affiliates controlled by Elliott Investment Management L.P.
Ascent’s management team will remain shareholders in the company. Elliott has also agreed to retain a minority stake in the company.
Ascent provides on-demand ground and air expedited logistics solutions, truck brokerage, freight forwarding, and other value-added transportation services. Through its proprietary, digital PEAK marketplace, the company efficiently connects its blue-chip customer base to a robust network of partner carriers. Its customer base includes multinational leaders in mobility, manufacturing, aerospace, technology, consumer and healthcare markets.