Bradley Jacobs and his private equity firm Jacobs Private Equity will invest about $150 million in Express-1 Expedited Solutions. Jacobs Private Equity will invest about $135 million in the third-party logistics transportation services company.
As per the agreement, Jacobs will become CEO and Chairman of the board of directors of the company. Deutsche Bank Securities and UBS Investment Bank acted as financial advisors to Jacobs, while BB&T Capital Markets was the financial advisor to Express-1’s board of directors.
Click here for the release from Business Wire.