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.

For the entire story, click here.

Loading