Aterian Investment Partners (Aterian), a private investment firm, through its portfolio company Xpress Global Systems, LLC (XGS), announced the acquisition of 7 Hills Transportation, LLC(7 Hills), an asset-based carrier headquartered in Cartersville, GA. This represents XGS’s first acquisition since Aterian’s investment in December 2018.
Dan Martin, CEO of XGS, stated, “We could not be more excited about partnering with 7 Hills management to build upon our growth plans. While we will continue to operate under the XGS brand, we are excited about the opportunity to leverage best practices across our organizations to help better serve our customers. We have been very attracted to the 7 Hills business and strong history of service, and we are thrilled to partner with a great team to strengthen our companies.”
During the first half of the year, XGS has broken company records in safety, operations, and service. With the strategic acquisition of 7 Hills, XGS has found a partner to continue their accelerated growth and deliver value to our customers. The acquisition allows the company to increase capacity and resources into Texas - one of the largest markets for the industry- while driving innovation, efficiency, and service as the joined teams share their knowledge of the industry.
Dan Krasnow, principal at Aterian, commented, “We look forward to continuing Lyons and Don’s legacy since their founding of 7 Hills over 30 years ago. We aim to continue to provide its customers best in class local transportation and logistics services. We welcome the 7 Hills team as part of XGS and in our continued investment in being a leader in this niche sector.”
For more information, visit http://www.xgsi.com/