XGS to acquire assets of Pacific Coast Distributors
Chattanooga, Tenn.—Aterian Investment Partners, a private investment firm, through its portfolio company, Xpress Global Systems (XGS), has agreed to acquire assets of Oregon-based Pacific Coast Distributors, a family owned and operated third-party logistics provider with anchors in Portland, Ore., as well as in Seattle and Spokane, Wash. The purchase, which includes workforce agreements, equipment, service vehicles and leases of current facilities, will strengthen the XGS footprint across the region and ensure continuity to the former PCD customers, according to the company.
“It would be hard to find a move that makes more sense than this one,” said Dan Martin, CEO of XGS. “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 most recent in a series of acquisitions by XGS. In the summer of 2021, XGS assumed ownership of 7 Hills Transport (Cartersville, Ga.), as well as Michigan Carpet/Delta Distribution (Grand Rapids, Mich.). Combined, the three purchases represent an aggressive growth strategy pursued by XGS across the Southeast, Midwest and now the Northwestern United States.
“We are incredibly excited to witness the continued growth of XGS,” said Dan Krasnow, principal at Aterian. “The immediate beneficiaries of these strategic moves are the XGS customers. 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.”
Lisa Patz, chief operating officer of Pacific Coast Distributors, added: “a transaction like this one is a best case scenario for our team and customers. We’ve already had a great working relationship with XGS built on trust and reliability, and their customer-first approach will benefit our partners for years to come.”
Comments are closed.