Attached files
file | filename |
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8-K - FORM 8-K - XPO Logistics, Inc. | k50709e8vk.htm |
EX-4.2 - EX-4.2 - XPO Logistics, Inc. | k50709exv4w2.htm |
EX-4.1 - EX-4.1 - XPO Logistics, Inc. | k50709exv4w1.htm |
EX-3.1 - EX-3.1 - XPO Logistics, Inc. | k50709exv3w1.htm |
EX-4.3 - EX-4.3 - XPO Logistics, Inc. | k50709exv4w3.htm |
EX-99.2 - EX-99.2 - XPO Logistics, Inc. | k50709exv99w2.htm |
Exhibit 99.1
XPO Logistics Completes Equity Investment of up to $150 Million
Bradley Jacobs becomes Chairman and CEO of former
Express-1 Expedited Solutions
Bradley Jacobs becomes Chairman and CEO of former
Express-1 Expedited Solutions
BUCHANAN, Mich. September 02, 2011 XPO Logistics, Inc. (NYSE Amex: XPO) (Company)
today completed the previously announced equity investment led by Jacobs Private Equity, LLC. Under
the terms of the transaction, Jacobs Private Equity and minority co-investors will invest an
aggregate of up to $150 million in cash in the Company, including an investment by Jacobs Private
Equity of up to $135 million, in each case including amounts payable upon exercise of warrants.
Upon closing, Bradley Jacobs, managing director of Jacobs Private Equity, became the chairman of
the Companys new board of directors, which is comprised of G. Chris Andersen, Michael Jesselson,
Adrian Kingshott, James Martell, Jason Papastavrou and Oren Shaffer. Jacobs will also serve as
chief executive officer.
The transaction received stockholder approval by vote on September 1, 2011. Additionally,
stockholders approved the Companys new name of XPO Logistics, Inc. (formerly Express-1 Expedited
Solutions, Inc.), effective immediately. The stock will continue to trade under the symbol XPO.
Forward-Looking Statements
This press release contains forward-looking statements. Statements that are not historical facts,
including statements about beliefs or expectations, are forward-looking statements. These
statements are based on plans, estimates and projections at the time the statements are made, and
readers should not place undue reliance on them. In some cases, readers can identify
forward-looking statements by the use of forward-looking terms such as may, will, should,
expect, intend, plan, anticipate, believe, estimate, predict, potential or
continue or the negative of these terms or other comparable terms. Forward-looking statements
involve inherent risks and uncertainties and readers are cautioned that a number of important
factors could cause actual results to differ materially from those contained in any such
forward-looking statements. Factors that could cause actual results to differ materially from those
described in this press release include, among others: potential fluctuations in operating results
and expenses, government regulation, technology change, competition and the potential inability to
identify and consummate acquisitions and arrange adequate financing. Readers are cautioned not to
place undue reliance on the forward-looking statements included in this press release, which speak
only as of the date hereof. Neither the Company nor any other person undertakes any obligation to
update any of these statements in light of new information or future events.
About XPO Logistics, Inc.
Founded in 1989, XPO Logistics, Inc. is a non-asset-based, third-party logistics services provider
that uses a network of relationships with ground, sea and air carriers to find the best
transportation solutions for its customers. The Company offers its services through three distinct
business units: Express-1, Inc. (expedited transportation solutions), the fifth
largest U.S. expedited freight service provider, according to The Journal of Commerce; Concert
Group Logistics, Inc. (domestic and international freight forwarding); and Bounce Logistics, Inc.
(premium truckload brokerage). The Company serves more than 4,000 retail, commercial, manufacturing
and industrial customers through six U.S. operations centers and 23 agent locations. In 2010, the
Company completed more than 144,000 transactions for customers and generated revenues of
approximately $158 million. www.xpocorporate.com
Contact:
Brunswick Group
Steve Lipin / Gemma Hart, +1-212-333-3810
Steve Lipin / Gemma Hart, +1-212-333-3810