Xpress Global Systems: UPDATE: Aterian Underlines Support For XGS Chief Following Acquisition

On December 23, we first reported on Aterian Investment Partners' acquisition of Xpress Global Systems (XGS), a Chattanooga-based less than truckload (LTL) carrier specializing in rolled floor covering. The deal was announced on the Friday before the Christmas holiday, and we published our take over the weekend.Yesterday, XGS CEO Darrel Harris and Aterian Investment Partners Principal Michael Fieldstone reached out to FreightWaves by telephone to clarify some details of our account. Harris and Fieldstone did not dispute our characterization of the deal itself, but emphasized that Aterian supported Harris and the management team he has assembled at XGS."At Aterian, we are partnering with and supporting Darrel and his team - the current management team," Fieldstone said. "We do plan on bringing in some additional resources to help Darrel." Fieldstone said that there has been a lot of improvement at XGS since Harris became CEO two years ago."You had new blood come in and they made tremendous strides with operations and customers, but the company still needs more ...Full story available on Benzinga.com