Business, Freight News, Logistics

STG Logistics Acquires the Intermodal Division of XPO Logistics

[ April 6, 2022   //   ]

STG Logistics has acquired the intermodal division of XPO Logistics, one of the largest providers of container transportation services in North America. The combined business, which will go to market as STG Logistics, will stand as North America’s leading provider of seamless, fully integrated, port-to-door containerized logistics services including drayage, transloading, warehousing, fulfillment, rail transportation, and associated final mile distribution.

As part of this transaction, STG, a portfolio company of Wind Point Partners (“Wind Point”) since 2016, was recapitalized by Wind Point as well as funds managed by Oaktree Capital Management, L.P. (“Oaktree”), including Oaktree’s Transportation Infrastructure Investing and Global Opportunities Group.

STG is a leading provider of facilities-based containerized logistics services including container deconsolidation, reconsolidation, transloading, warehousing, and outsourced transportation solutions including final mile delivery. STG operates a nationwide facility network comprised of 28 port locations totaling more than five million square feet and maintains relationships with more than 65 inland partners who enable final mile access to all major metro areas. Since Wind Point’s investment in 2016, STG has more than quadrupled in size through organic growth and 10 add-on acquisitions.

The XPO intermodal division acquired by STG is North America’s third largest provider of containerized transportation services, providing intermodal drayage and rail brokerage services for retailers, manufacturers, third party logistics providers, and other types of customers. The network features 48 locations, 11,000 containers, 2,200 tractors, and 5,200 chassis. The division was formed through XPO’s purchase of Pacer in 2014 and Bridge Terminal Transport in 2015.

Tags: ,