The XGS cargo carrier has been purchased by LRT Group for an undisclosed amount.
XGS, also known as Xpress Global Systems, is a company based in Chattanooga, Tennessee that specializes in the transportation and distribution of large and unusual loads for the flooring industry. The company’s network includes 30 distribution centers across the United States
In addition to LTL shipping and warehousing and fulfillment, it also offers custom logistics and brokerage services.
“Joining the LRT Group opens up tremendous opportunities for XGS,” the company said in a statement on Thursday. “With the support and resources of the LRT Group, we anticipate expanding our services, enhancing our capabilities and providing greater value to our customers.”
Fort Payne, Alabama-based LRT Group is a transportation and logistics company with several asset-based and 3PL holdings, including Little River Transportation. In addition to its headquarters, LRT also has offices in Georgia and Tennessee.
“Our commitment to our customers and partners is unwavering, and we are confident that this partnership will bring new opportunities for innovation and exceptional service,” XGS said in a statement.
Xpress Global Systems was acquired by private equity firm Aterian Investment Partners in 2018. The company was also once owned by US Xpress Trucking.
Backed by Atrian, XGS acquired two asset-based carriers in 2021 – Georgia-based 7 Hills Transport and Michigan-based Delta Distribution (Michigan Carpet).
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