Xpress Global Systems makes third acquisition
Chattanooga-based trucking company Xpress Global Systems is buying the assets of Oregon-based Pacific Coast Distributors, a familyowned and operated third-party logistics provider with anchors in Portland, Oregon; and Seattle and Spokane, Washington.
The purchase includes workforce agreements, equipment, service vehicles and leases of current facilities and will strengthen the Xpress Global Systems footprint across the region and ensure continuity to customers of Pacific Coast Distributors, company officials said in an announcement of the deal Monday.
“It would be hard to find a move that makes more sense than this one,“said Dan Martin, the CEO of Xpress Global Systems. “Pacific Coast Distributors has been a solid XGS partner for several years. We know each other well, and that background will afford us a smooth transition,
free from disruptions, as we formally welcome them to the XGS family.”
The purchase is the latest in a series of acquisitions by Xpress Global Systems. In the summer of 2021, the company assumed ownership of 7 Hills Transport out of Cartersville, Georgia, as well as Michigan Carpet/Delta Distribution, in Grand Rapids, Michigan.
Combined, the three purchases represent an aggressive growth strategy pursued by XGS across the Southeast, Midwest and now the Northwestern United States, said Dan Krasnow, a principal at Aterian Investment Partners, a private investment firm that bought Xpress Global Systems in 2018.
“We are incredibly excited to witness the continued growth of XGS,” Krasnow said. “As XGS expands, customers will be able to enjoy the same great service they’re familiar with while also receiving added value from the new resources wrapped into the XGS brand.”
Xpress Global Systems specializes in the nationwide transportation of floor coverings. The company was founded in 1985 and sold to Aterian three years after the Chattanooga-based trucking company was spun off from U.S. Xpress Enterprises. Martin became CEO of Xpress Global Systems in April 2021.