XGS acquires Delta Distribution – Floor Covering News
Chattanooga—Aterian Investment Partners (Aterian), a private equity firm, through its portfolio company Xpress Global Systems, LLC (XGS), has acquired Delta Distribution/Michigan Carpet, a specialty under-truckload flooring company headquartered in Grand Rapids, Mich.
“Our acquisition of Delta Distribution complements XGS’s overall business offering and marks another meaningful evolution of our portfolio,” said Dan Martin, CEO of XGS. “Delta is a very well run company that is expanding our network in the Midwest region and creating significant value for our stakeholders.”
This purchase is the second acquisition by XGS in the past month as it continues its accelerated momentum in the logistics industry. The merger will allow the company to expand its services and increase capacity in Indiana, Michigan, Missouri, Ohio and Pennsylvania.
Earlier this month, the company acquired 7 Hills Transportation (7 Hills), an asset-based carrier headquartered in Cartersville, Georgia. The acquisition was the first since Aterian’s investment in December 2018.