About Ascent Global Logistics
Ascent Global Logistics is a company based in Belleville (United States) founded in 2017 was acquired by H.I.G. Capital in August 2023.. The company has 994 employees as of December 31, 2022. Ascent Global Logistics has completed 1 acquisition, including Central Minnesota Logistics. Ascent Global Logistics offers products and services including Brokerage, Managed Transportation, Forwarding, On-Demand, and PEAK Technology. Ascent Global Logistics operates in a competitive market with competitors including DP World, DSV, WiseTech Global, DHL and SEKO Logistics, among others.
- Headquarter Belleville, United States
- Employees 994 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Ascent Global Logistics, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
994
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
H.I.G. Capital
(Aug 22, 2023)
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Products & Services of Ascent Global Logistics
Ascent Global Logistics offers a comprehensive portfolio of products and services, including Brokerage, Managed Transportation, Forwarding, On-Demand, and PEAK Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages freight brokerage for truckload and less-than-truckload services.
Handles freight audit, carrier negotiations, and reporting tools.
Provides ocean and air freight forwarding with customs brokerage.
Offers ground expedite and air charter for time-critical freight.
Delivers tracking, analytics, and API integration for supply chains.
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Sales and Marketing
31 people
Operations Team
30 people
Leadership Team
16 people
Software Development Team
14 people
Customer Team
13 people
Finance and Accounting
8 people
Product Management Team
6 people
Data Analysis and Operations Team
4 people
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Funding Insights of Ascent Global Logistics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ascent Global Logistics
Ascent Global Logistics has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include H.I.G. Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity capital is invested in small and mid-sized businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascent Global Logistics
Ascent Global Logistics has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Central Minnesota Logistics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Truck logistics services are provided throughout the United States.
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ascent Global Logistics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascent Global Logistics Comparisons
Competitors of Ascent Global Logistics
Ascent Global Logistics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DP World, DSV, WiseTech Global, DHL and SEKO Logistics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Freight forwarding and maritime logistics services are provided globally.
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Global provider of transport and logistics services
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Cloud-based logistics software suite is provided for supply chain management.
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Global logistics service provider
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| domain | founded_year | HQ Location |
Global freight forwarding and logistics solutions are provided worldwide.
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| domain | founded_year | HQ Location |
Multi-modal freight transportation, warehousing, and logistics services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascent Global Logistics
Frequently Asked Questions about Ascent Global Logistics
When was Ascent Global Logistics founded?
Ascent Global Logistics was founded in 2017.
Where is Ascent Global Logistics located?
Ascent Global Logistics is headquartered in Belleville, United States. It is registered at Belleville, Illinois, United States.
Who is the current CEO of Ascent Global Logistics?
Paul Martins is the current CEO of Ascent Global Logistics.
How many employees does Ascent Global Logistics have?
As of Dec 31, 2022, the latest employee count at Ascent Global Logistics is 994.
What does Ascent Global Logistics do?
Ascent Global Logistics was founded in 2017 and is based in Belleville, United States. Operations in the logistics sector are supported through cloud-based freight forwarding solutions. Modules for brokerage, truckload shipping, transportation, freight audit, management reporting, inbound vendor management, carrier negotiations, transportation management systems, and ERP integrations are provided. Global logistics processes are facilitated across these areas.
Who are the top competitors of Ascent Global Logistics?
Ascent Global Logistics's top competitors include WiseTech Global, DHL and Allcargo Logistics.
What products or services does Ascent Global Logistics offer?
Ascent Global Logistics offers Brokerage, Managed Transportation, Forwarding, On-Demand, and PEAK Technology.
How many acquisitions has Ascent Global Logistics made?
Ascent Global Logistics has made 1 acquisition, including Central Minnesota Logistics.
Who are Ascent Global Logistics's investors?
Ascent Global Logistics has 1 investor. Key investors include H.I.G. Capital.