FOR IMMEDIATE RELEASE – DECEMBER 16, 2025

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.

About Ascent Lifting

Ascent Lifting is a full-service distributor and fabricator of lifting and rigging products including wire rope, chain, synthetic slings and other related hardware. Ascent Lifting is headquartered in Phoenix, AZ and has 42 locations throughout the United States. Ascent Lifting was formed with the goal of building an industry leading supplier of rigging products and services throughout the United States.  The long-term strategy is centered on building a strong culture, developing operational best practices to support future growth, and expanding Ascent Lifting’s geographic and product breadth both organically and through acquisition.  For more information, please visit www.ascentlifting.com.

Ascent Lifting is actively seeking acquisitions. Business owners, executives, and M&A intermediaries are encouraged to contact Robert Jackson or Rob Hogan regarding acquisition opportunities.

About Shorehill Capital LLC

Shorehill Capital LLC is a Chicago-based private equity firm with a passion for helping to create superior companies. Shorehill is focused on making control equity investments from its committed $260 million fund in North American engineered industrial products, industrial services, and value-added distribution companies with enterprise values ranging from $20 million to $150 million, and add-ons of any size. Shorehill seeks opportunities with differentiated business models where its experience, network, and investment management approach can have a significant impact on the performance of the business. For more than 30 years Shorehill’s partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans. For additional information, please visit www.ShorehillCapital.com.