Aterian Investment Partners Acquires Xpress Global Systems
New York -- Aterian Investment Partners, a private investment firm, announced that one of its affiliates has acquired Xpress Global Systems, the Chattanooga, Tenn.-based carrier of rolled floor coverings including, carpet, area rugs, turf, and hard surface floor coverings. Founded in 1986, XGS operates 28 service centers across the United States servicing more than 3,000 customers.
“We are excited to add XGS to the Aterian portfolio and for the opportunity to collaborate with and support management as the company enters its next phase of growth,” said Michael Fieldstone, partner at Aterian. “ We intend to facilitate management’s efforts to invest i key growth and optimization initiatives across its service offerings and network to further the Company’s existing reputation for being a leader in floor covering logistics.”
Darrel Harris, CEO of XGS, commented, “We are very excited to become part of the Aterian family. XGS has a longstanding history in the floor covering space and this partnership will position XGS to enhance the customer experience. We remain committed to being the premier transportation provider to the floor covering industry for years to come.”