Brad Jacobs to Invest $150 Million in Express-1

Entrepreneur and investor Bradley Jacobs and his private equity firm are to invest $150 million in Express-1 Expedited Solutions Inc., a third-party logistics provider, and aim to build "a multibillion-dollar" business over the next several years.

Jacobs, who will be the majority shareholder of Express-1, which has a market value of $72 million, said he plans to increase the business through acquisitions, adding he is looking at small and big companies in freight brokerage and freight forwarding.

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