Acquisition of
Ascent Global Logistics acquired by H.I.G. Capital
Buyside Advisor
In August 2023, an affiliate of H.I.G. Capital completed its acquisition of Ascent Global Logistics, following a definitive agreement announced on August 22. The deal expands H.I.G.’s presence in expedited transportation and supply chain services by adding Ascent’s advanced capabilities in time-critical freight, including ground and air logistics, and its proprietary PEAK freight marketplace. This acquisition fits H.I.G.’s strategy of investing in asset-light, tech-enabled service providers in essential logistics sectors.
H.I.G. Capital is a Miami-based global private equity firm with approximately $58 billion in assets under management at the time. Founded in 1993, H.I.G. focuses on middle-market investments and takes a hands-on, operationally driven approach. It has invested in over 400 companies across logistics, healthcare, infrastructure, and other sectors worldwide.
Ascent, headquartered in Michigan, is a leading provider of freight forwarding, truck brokerage, and managed transportation services. Serving clients in aerospace, healthcare, manufacturing, and technology sectors, Ascent provides time-critical shipments through air charter, expedited ground, and courier solutions.
H.I.G. Capital is a Miami-based global private equity firm with approximately $58 billion in assets under management at the time. Founded in 1993, H.I.G. focuses on middle-market investments and takes a hands-on, operationally driven approach. It has invested in over 400 companies across logistics, healthcare, infrastructure, and other sectors worldwide.
Ascent, headquartered in Michigan, is a leading provider of freight forwarding, truck brokerage, and managed transportation services. Serving clients in aerospace, healthcare, manufacturing, and technology sectors, Ascent provides time-critical shipments through air charter, expedited ground, and courier solutions.