XGS to acquire assets of Pacific Coast Distributors

HomeNewsXGS 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

Hardwood stats: Segment cedes share, but high end hangs tough

The dynamics that impacted the hardwood flooring category in 2023—i.e., intense competition from wood look-alike products like SPC, WPC, LVT and laminate, as well...

Retailers React: How would you assess your first half?

Every two weeks, FCNews seeks out flooring retailers across the country to offer their advice on hot topics of the day. This week, we...

Resilient stats: Sales stagger but category remains the leader

The resilient flooring category saw its second consecutive decline in both dollar sales and volume in 2024. However, it still garnered the largest percentage...

Daltile celebrates 78 years of domestic production

Dallas, Texas—As it spans nearly eight decades of domestic production, Daltile said it is proud to serve the market today as one of the...

Mannington celebrates 110-year family history

https://www.youtube.com/watch?v=dt1tbvU9JZM Less than 1% of family businesses reach the fifth generation, and even fewer make it to 110 years in business. As a fifth-generation, family-owned...

Carpet stats: High rates put damper on soft surfaces’ comeback

There are no moral victories or participation trophies when it comes to statistical years. As NFL coaching legend Bill Parcells used to say: “You...
Some text some message..
X