Ascent Lifting, Inc.(“Ascent Lifting”), a portfolio company of Shorehill Capital (“Shorehill”), announced that it completed the acquisition of Hoisting Wire Rope and Sling LLC (Hoisting Wire Rope and Sling) in late October 2025. This marks the fifth acquisition for Ascent Lifting, a leading value-added distributor and fabricator of lifting and rigging products with 42 locations nationwide.
Hoisting Wire Rope and Sling is a Corpus Christi, Texas-based supplier of wire rope, slings, hoists, and other industrial rigging and lifting equipment offered directly to end users. The company also provides rigging services including wire rope splicing, mooring, and field installation, supported by a long history of hands-on expertise. Following the acquisition, Hoisting Wire Rope and Sling will operate as a branch within Ascent Lifting’s CERTEX division, further strengthening CERTEX’s service capabilities in the region. This acquisition expands Ascent Lifting’s presence in Texas and builds on the strong performance of its other branches across the state.
“We are thrilled to welcome Hoisting Wire Rope and Sling to the Ascent Lifting platform,” said Dee Schweigert, CEO of Ascent Lifting. “Their industrial expertise and long-standing presence in the market enhance our ability to support customers across Texas with comprehensive lifting and rigging solutions. This partnership supports our mission to be the preferred partner in the U.S. rigging industry.”
“We are excited to join the Ascent Lifting family,” said Jay Anderson, CEO of Hoisting Wire Rope and Sling. “Our extensive industry experience and deep understanding of customer needs align well with Ascent Lifting’s commitment to operational excellence. As part of CERTEX, we will continue building a strong future rooted in quality, service, and shared growth.”
“Hoisting Wire Rope and Sling is an exceptional addition to the Ascent Lifting platform,” said Robert Jackson, Managing Director at Shorehill. “Their experience, industry insight, and strong customer relationships position the platform well for continued growth and value creation.”
Fredrikson & Byron and Katten Muchin Rosenman LLP served as legal advisors to Shorehill and Ascent Lifting. Terms of the transaction were not disclosed.