Aterian Investment Partners, a private investment firm, through its portfolio company Xpress Global Systems LLC (XGS) has acquired Delta Distribution/Michigan Carpet, a specialized flooring less-than-truckload company headquartered in Grand Rapids, Michigan.
XGS, based in Chattanooga, Tennessee, hopes the merger of the two companies will strengthen its overall operational footprint while building on the strategic growth objective.
“Our acquisition of Delta Distribution complements the overall business offerings of XGS and again marks another meaningful evolution of our portfolio,” said Dan Martin, CEO of XGS. “Delta is a very well-run company that expands our network in the Midwest region and creates significant value for our stakeholders.”
Delta Distribution has been servicing Kentucky, Illinois, Indiana, Ohio, Missouri and Michigan since 1997. This is the second acquisition by XGS in the past month as the company continues its momentum in the logistics industry. In early July, XGS announced the acquisition of 7 Hills Transport, an asset-based carrier headquartered in Cartersville, Georgia.
Source: Yahoo Finance