XGS to acquire assets of Pacific Coast Distributors

Home News XGS to acquire assets of Pacific Coast Distributors

Chattanooga, Tenn.—Aterian Investment Partners, a private investment firm, through its portfolio company, Xpress Global Systems (XGS), has agreed to acquire assets of Oregon-based Pacific Coast Distributors, a family owned and operated third-party logistics provider with anchors in Portland, Ore., as well as in Seattle and Spokane, Wash. The purchase, which includes workforce agreements, equipment, service vehicles and leases of current facilities, will strengthen the XGS footprint across the region and ensure continuity to the former PCD customers, according to the company.

“It would be hard to find a move that makes more sense than this one,” said Dan Martin, CEO of XGS. “Pacific Coast Distributors has been a solid XGS partner for several years. We know each other well and that background will afford us a smooth transition, free from disruptions, as we formally welcome them to the XGS family.”

The purchase is the most recent in a series of acquisitions by XGS. In the summer of 2021, XGS assumed ownership of 7 Hills Transport (Cartersville, Ga.), as well as Michigan Carpet/Delta Distribution (Grand Rapids, Mich.). Combined, the three purchases represent an aggressive growth strategy pursued by XGS across the Southeast, Midwest and now the Northwestern United States.

“We are incredibly excited to witness the continued growth of XGS,” said Dan Krasnow, principal at Aterian. “The immediate beneficiaries of these strategic moves are the XGS customers. As XGS expands, customers will be able to enjoy the same great service they’re familiar with while also receiving added value from the new resources wrapped into the XGS brand.”

Lisa Patz, chief operating officer of Pacific Coast Distributors, added: “a transaction like this one is a best case scenario for our team and customers. We’ve already had a great working relationship with XGS built on trust and reliability, and their customer-first approach will benefit our partners for years to come.”

Must Read

David Gross named INSTALL executive director

Washington, D.C.—INSTALL appointed David Gross as its new executive director. Gross began his new position on Dec. 1, 2022, upon the retirement of the...

Mohawk debuts new SmartStrand Color Wall 

Calhoun, Ga.—Mohawk is investing in the powerhouse product brand with a state-of-the-art merchandising destination, the SmartStrand Color Wall. Designed to elevate the overall shopping...

Sika launches MB EZ Rapid

Chino, Calif.—Sika introduced MB EZ Rapid, a single-component, rapid-drying moisture barrier, adhesion promoter and substrate consolidator for all floor covering installations over critical substrates...

Jay Kopelson to receive WFCA Luminary Award

Las Vegas—World Floor Covering Association (WFCA) announced that Jay Kopelson, VP of corporate accounts at Mannington Mills, will receive its Luminary Award. The Luminary...

Tackling TISE: Show strategies from veteran show goers

Las Vegas—The pace of The International Surface Event (TISE) can resemble a track meet at times as attendees traverse the expansive Mandalay Bay Convention...

New and notable at TISE 2023

Along with the anticipated uptick in attendance at The International Surfaces Event (TISE) 2023 comes an increase in exhibitors as well, especially new vendors....
Some text some message..
X