Ascent Lifting, Inc. (“Ascent”), a portfolio company of Shorehill Capital (“Shorehill”), announced that it completed the acquisition of Charleston’s Rigging & Marine Hardware (“CRMH”) on February 3, 2025. This marks the third acquisition for Ascent, a leading value-added distributor and fabricator of lifting and rigging products with 40 locations nationwide.

CRMH is a Charleston, South Carolina based distributor and fabricator of industrial rigging products and safety solutions, with a crane service segment serving major industrial demand centers such as defense, infrastructure, mining & manufacturing. CRMH operates from two locations in South Carolina—North Charleston and Columbia. Both are full-service branches with fabrication and load testing capabilities.

“We’re thrilled to partner with Jessica, Skip, and the entire CRMH teams,” said Dee Schweigert, CEO of Ascent Lifting. “This strategic partnership strengthens our ability to deliver high-quality solutions to our customers and establishes two physical locations in the highly attractive South Carolina market. We intend to be the acquirer of choice in the rigging industry and add great people and companies to the Ascent Lifting and CERTEX teams. CRMH is a prime example of this strategy.”

“Ascent Lifting and the team at Certex are ideal partners for the continued growth of CRMH,” said Skip Sawin, a co-owner of CRMH. “Sharing our strategic vision for both our customers and our employees was a key component of our decision to partner with Ascent Lifting,” said Jessica Sage, the other co-owner of CRMH.

Robert Jackson, Managing Director at Shorehill, said, “We are excited to continue to build the Ascent platform with the addition of CRMH. Skip and Jessica have an incredible reputation in the industry, and we are looking forward to our partnership.”

Fredrikson & Byron and Katten Muchin Rosenman LLP served as legal advisors to Shorehill and Ascent Lifting. Terms of the transaction were not disclosed.