Aterian Funding Companions (Aterian), a non-public funding agency, via its portfolio firm Xpress Global Systems, (XGS), acquired 7 Hills Transportation (7 Hills), an asset-based service headquartered in Cartersville, Ga. The acquisition represents XGS’s first since Aterian’s funding in December 2018.
“We couldn’t be extra enthusiastic about partnering with 7 Hills administration to construct upon our development plans,” mentioned Dan Martin, chief executive officer of XGS. “Whereas we’ll proceed to function below the XGS model, we’re excited concerning the alternative to leverage finest practices throughout our organizations to assist higher serve our clients. We have now been very drawn to the 7 Hills enterprise and robust historical past of service, and we’re thrilled to associate with an incredible workforce to strengthen our corporations.”
Throughout the first half of the 12 months, XGS has damaged firm data in security, operations, and repair, the corporate mentioned. With the strategic acquisition, XGS has discovered an associate to proceed with its accelerated development and ship worth to its clients, XGS added. The acquisition moreover permits the corporate to increase capacity and resources into Texas whereas driving innovation, effectivity, and repair because the joined groups share their information of the business, in line with the corporate.
“We sit up for persevering with Lyons and Don’s legacy since their founding of seven Hills over 30 years in the past,” mentioned Dan Krasnow, principal at Aterian. “We purpose to proceed to supply its clients finest at school native transportation and logistics providers. We welcome the workforce as a part of XGS and in our continued funding in being a pacesetter on this area of interest sector.”