HIG Capital to acquire a majority stake in Ascent Global Logistics from Elliott.

HIG Capital, a global alternative investment firm, agreed to acquire a majority stake in Ascent Global Logistics, a provider of technology-enabled, expedited logistics and supply chain solution services, from Elliott, an investment management firm. Financial terms were not disclosed. “Ascent is the preeminent provider of time-critical logistics services and is uniquely positioned to meet the increasing complexity within global supply chains. We are excited to support Ascent’s growth strategy of investing in technology, broadening its unique capabilities, expanding its global reach, and enhancing its strategic carrier network through organic initiatives and acquisitions,” Rob Jang, HIG Managing Director.