Panton Equity Partners and Mosaic Investments Acquire Xpress Global Systems

Posted by Panton Equity Partners in Press Release

ATLANTA, GA, APRIL 13, 2015 – Panton Equity Partners (“PEP”), an Atlanta-based lower middle market private equity firm and Mosaic Investments, Inc. (“Mosaic”), a private investment firm based in Atlanta, announced today their acquisition of Tennessee-based transportation and logistics services firm Xpress Global Systems (“XGS”) from U.S. Xpress Enterprises, Inc.  Founded in 1985, XGS is the largest floor covering and logistics provider in the U.S.

XGS offers specialized Less-Than-Truckload (“LTL”) transportation, warehousing, and commercial delivery for Hard-To-Move goods.  XGS maintains relationships with over 3,000 customers, including blue chip retailers, floor covering manufacturers, and Hard-to-Move manufacturers.

Murad Karimi, Managing Partner of Mosaic, expressed enthusiasm at partnering with Dr. David Panton, his former business school professor, and the XGS executive management team on the transaction.  Dr. Panton, Chairman and CEO of PEP, is also an adjunct professor at the Goizueta Business School in the Center for Alternative Investments.

“We look forward to working with PEP and the management team at XGS to grow the company. Through the combined knowledge and talent at Mosaic and PEP, along with the strong management team at XGS, our investors will realize outsized returns”, said Karimi.

According to Dr. Panton, “It is a privilege to work with one of my former students in making this deal a success.”  He continued, “This transaction demonstrates the continued successful execution of PEP’s Asymmetric Risk Investment Strategy where we partner with successful owner-operators, align interests, and help to drive exceptional results”.

Larry Gildersleve, Principal of PEP, added, “We couldn’t be more pleased with the outcome of this transaction.  In John Bowes, President of XGS, and his entire management team, we have found a talented group of industry veterans who are well positioned to accelerate XGS’s growth and profitability.”

“We are thrilled to partner with PEP and Mosaic.  Their combination of experience growing businesses and deep understanding of logistics will create tremendous growth opportunities for both our company and our employees,” said John Bowes, President of XGS.

About Panton Equity Partners

Panton Equity Partners (“PEP”) is an Atlanta-based boutique private equity firm that makes control equity investments in lower middle market niche service businesses with enterprise values up to $150 million. PEP has developed and successfully implemented its unique investment strategy – Asymmetric Risk Investment Strategy which minimizes capital risk and maximizes the potential for outsized risk-adjusted returns.  For more information, please visit www.pantonequity.com

About Mosaic Investments

Mosaic Investments, Inc. (“Mosaic”) is a private investment firm based in Atlanta, Georgia that specializes in acquiring and managing operating businesses and real estate throughout the Southeast. Mosaic invests in a variety of transactions including growth capital, minority investments, and buyouts in primarily “old economy” businesses. For more information, please visit www.mosaic-inv.com.