H.I.G. Capital to Acquire Ascent Global Logistics
- H.I.G. Capital, a private equity group, has announced its plans to acquire third-party logistics provider Ascent Global Logistics.
- The financial terms of the acquisition have not been disclosed.
- This acquisition will enable H.I.G. Capital to expand its presence in the logistics industry and tap into the growth potential of Ascent Global Logistics.
Miami-based private equity group, H.I.G. Capital, has made a strategic move by deciding to acquire Ascent Global Logistics, a prominent third-party logistics provider. The terms of the acquisition have not been publicly disclosed, but this move is expected to contribute to H.I.G. Capital’s expansion plans in the logistics industry. Ascent Global Logistics offers a wide range of logistics services, including transportation, warehousing, and supply chain management. This acquisition will allow H.I.G. Capital to tap into the growth potential of Ascent Global Logistics and further strengthen its position in the market.
A Smart Move for Strategic Expansion
H.I.G. Capital’s decision to acquire Ascent Global Logistics is a smart move that will benefit both parties involved. By absorbing Ascent Global Logistics’ operations, H.I.G. Capital will be able to expand its presence in the logistics industry and reap the benefits of its growth potential. This acquisition is a testament to H.I.G. Capital’s commitment to strategic expansion and its confidence in the future of the logistics sector. As the demand for logistics services continues to rise, H.I.G. Capital is positioning itself to capitalize on the opportunities that lie ahead.
This blog post has been generated using the information provided in the article:”Private Equity Firm H.I.G. Buys 3PL Ascent Global Logistics” by “Keiron Greenhalgh”.
Check it out at: https://www.ttnews.com/articles/hig-buys-ascent-global.