Chattanooga, Tenn.—Aterian Investment Partners (Aterian), a private investment firm, through its portfolio company Xpress Global Systems, (XGS), acquired 7 Hills Transportation (7 Hills), an asset-based carrier headquartered in Cartersville, Ga. The acquisition represents XGS’s first since Aterian’s investment in December 2018.
“We could not be more excited about partnering with 7 Hills management to build upon our growth plans,” said Dan Martin, chief executive officer of XGS. “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, the company said. With the strategic acquisition, XGS has found a partner to continue its accelerated growth and deliver value to its customers, XGS added. The acquisition furthermore allows the company to increase capacity and resources into Texas while driving innovation, efficiency and service as the joined teams share their knowledge of the industry, according to the company.
“We look forward to continuing Lyons and Don’s legacy since their founding of 7 Hills over 30 years ago,” said Dan Krasnow, principal at Aterian. “We aim to continue to provide its customers best in class local transportation and logistics services. We welcome the team as part of XGS and in our continued investment in being a leader in this niche sector.”