LM+Co Capital Completes Sale of Xpress Global Systems

Press Release

Chattanooga, Tennessee – December 21, 2018 – LM+Co Capital, a New York-based middle market investment banking firm, is pleased to announce the sale of its client Xpress Global Systems (“XGS” or the “Company”) to Aterian Investment Partners (“Aterian”). Weil Gotshal & Manges LLP advised Aterian, and Reed Smith LLP advised XGS. Financial terms of the transaction were not disclosed.

XGS is the leading specialized LTL provider of time-definite surface transportation, warehousing, distribution and related value-added services to the Floor Covering Industry. The Company operates 28 service centers across the United States and services more than 3,000 customers.

Richard Zytkowicz, Managing Director with LM+Co Capital, stated “LM+Co Capital is very excited for Darrel Harris and his management team as they embark on the next chapter with the Company. Mr. Harris is a very successful CEO and operator with a proven track record in the Transportation Industry. The completion of this sale establishes a solid platform to explore and launch additional growth initiatives. We are honored to have been involved in such an exciting transaction”.

XGS Chief Executive Officer Darrel Harris noted, “Rick and the LM+Co team were instrumental in managing the various complexities of this transaction. They provided strong support and expertise throughout the sale process.”

About LM+Co Capital

LM+Co Capital is an independently operated affiliate of Loughlin Management Partners + Company, a multi-disciplinary professional services firm focused on the middle market. LM+Co Capital, a registered broker dealer and member of FINRA/SIPC, is solely focused on the middle market, providing investment banking and advisory services to corporations, investors, private equity groups and business owners. LM+Co Capital offers its clients years of experience in Mergers + Acquisitions, Capital Advisory, Financial Restructuring and Business Valuations.

About Aterian Investment Partners

Aterian Investment Partners is an operationally-focused middle market private equity firm that provides resources to companies to further enhance growth, operations and investment initiatives. The firm invests in businesses generating $25 million to $500 million of annual revenue with strong, proven franchises.