Hoisting Wire Rope and Sling
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Hoisting Wire Rope and Sling - overview
Established
2010
Location
Corpus Christi, TX, US
Primary Industry
Construction
About
Based in the US, Hoisting Wire Rope and Sling distributes an extensive range of rigging products, ensuring safe and efficient lifting, securing, and handling of heavy loads across various industries. Hoisting Wire Rope and Sling specializes in the distribution of rigging solutions. The company was founded in 2010 and is headquartered in Corpus Christi, US. It has undergone strategic changes to enhance its offerings without any mention of mergers or acquisitions prior to its most recent acquisition.
In October 2025, Ascent Lifting, Inc. , a portfolio company of Shorehill Capital, acquired Hoisting Wire Rope and Sling. Jay Anderson is the CEO. Hoisting Wire Rope and Sling specializes in the distributing a comprehensive range of rigging products, including wire rope slings, chain slings, synthetic round slings, and web slings.
Their products cater to various industrial applications, ensuring safe and efficient lifting, securing, and handling of heavy loads. The company has over 50 years of industry experience and serves sectors like construction, manufacturing, and shipping. Their offerings also include hoists, such as air chain hoists and electric chain hoists, along with associated lifting equipment like hoist trolleys and lever hoists, serving a diverse client base across the United States. Revenue generation for Hoisting Wire Rope and Sling primarily comes from direct sales of rigging equipment and services to various industries.
The company engages in B2B transactions, supplying products directly to clients who need robust lifting solutions. Transactions typically involve bulk orders tailored to operational needs, along with potential on-site services for installation and maintenance. While exact pricing details are not disclosed, clients negotiate pricing based on order volume and specific requirements, fostering long-term relationships built on the company’s expertise and product quality. Hoisting Wire Rope and Sling aims to expand its distribution capabilities following its acquisition by Ascent Lifting, Inc.
in 2025. This strategic move is intended to accelerate the company's next phase of growth. Specific plans regarding new product designs or geographic expansion have not been detailed, but the focus will be on leveraging the acquisition to enhance market presence and distribution efficiency.
Current Investors
Ascent Lifting, Inc.
Primary Industry
Construction
Sub Industries
Construction, Logistics & Distribution
Website
www.hoistwire.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Hoisting Wire Rope and Sling - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Hoisting Wire Rope and Sling | - |
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