Shorehill’s Ascent Lifting Makes 1st Acquisition: Cargo Control USA - Modern Distribution Management

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Shorehill’s Ascent Lifting Makes 1st Acquisition: Cargo Control USA

Cargo Control said the deal will significantly expand its level of service and product offerings available to customers.
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On March 6, Ascent Lifting, Inc. — a distributor, wholesaler and fabricator of lifting and rigging products — announced it has completed its acquisition of Cargo Control USA, a distributor of cargo control products and accessories based in Sanford, North Carolina.

Financial details were not disclosed.

“Cargo Control USA is one of the industry leaders in cargo control products,” said Charlie Jaques, CEO of Ascent Lifting. “Their team is dedicated to producing the highest quality products with industry best lead times. We are excited to partner with Brian, Denise and the rest of the Cargo Control USA team to expand our offering across the entire Ascent Lifting customer base.”

The Cargo Control deal comes five months after Shorehill Capital formed Ascent Lifting as a rigging products distributor.

“The Cargo Control USA team is excited to join the Ascent Lifting family,” said Brian Davis, President of Cargo Control. “The combination will greatly expand the level of service and product offerings available to our customers.”

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