Chattanooga, Tenn.—Aterian Investment Partners (Aterian), a private equity firm, through its portfolio company Xpress Global Systems, (XGS), has acquired 7 Hills Transportation (7 Hills), an asset-based carrier headquartered in Cartersville, Georgia. acquisition is XGS’ first since Aterian’s investment in December 2018.
“We couldn’t be more excited to partner with 7 Hills management to build on 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 better serve our customers. We are very attracted to the 7 Hills business and strong history of service, and we are excited to partner with a great team to strengthen our businesses.”
During the first half of the year, XGS broke 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 also enables the company to increase capacity and resources in Texas while driving innovation, efficiency and service as the merged teams share their industry knowledge, the company said.
“We look forward to continuing the legacy of Lyons and Don since the founding of 7 Hills more than 30 years ago,” said Dan Krasnow, Aterian President. “We strive to continue to provide its customers with best-in-class local transportation and logistics services. We welcome the team as part of XGS and in our continued investment to be a leader in this niche sector.”