Ascent Lifting Acquires Fellow Rigging Distributor CERTEX - Modern Distribution Management

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Ascent Lifting Acquires Fellow Rigging Distributor CERTEX

In its second acquisition of the year, rigging distributor Ascent Lifting expands by 33 locations with the addition of CERTEX.
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Lift and rigging product distributor and fabricator Ascent Lifting marks its second acquisition with the addition of fellow Phoenix-based rigging products distributor CERTEX USA.

CERTEX distributes wire rope, chain, synthetic slings and hardware, and offers related testing services. The company’s 33 locations throughout the United States will combine with Ascent Lifting’s existing 38 locations.

“The strategic and cultural alignment along with industry reputation were an important factor in our decision,” said Dee Schweigert, CEO of CERTEX and the new CEO of Ascent, in a March 7 news release. “We look forward to executing our shared vision of delivering to our customers, industry leading lifting solutions, quality and safety. Our goal is to be the employer and acquirer of choice in the industry.”

Robert Jackson, Managing Director at Shorehill Capital, of which Ascent is a portfolio company of, added: “We look forward to supporting Ascent in executing its growth strategy, including the pursuit of strategic acquisitions to improve scale in select geographies and to expand into new markets.”

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