Private investment firm Aterian Investment Partners (Aterian), through its portfolio company Xpress Global Systems, LLC (XGS), has acquired Delta Distribution/Michigan Carpet, a specialized flooring less-than-truckload company headquartered in Grand Rapids, Michigan. The merger of the two companies will strengthen the overall operational footprint and builds upon the strategic growth objective of XGS, the company said.
“Our acquisition of Delta Distribution complements the overall business offerings of XGS and again marks another meaningful evolution of our portfolio.” said Dan Martin, CEO of XGS, “Delta is a very well-run company that expands our network in the Midwest region and creates significant value for our stakeholders.”
This purchase represents the second acquisition by XGS in the last month as they continue their accelerated momentum in the logistics industry. The merger allows the company to expand its services and increase capacity in Indiana, Michigan, Missouri, Ohio, and Pennsylvania.