XPO Logistics Acquires UX Specialized Logistics for $59M

February 10, 2015  by in Acquisition, Delivery, Industry   

The purchase price was $59 million, excluding working capital adjustments and assumes no debt.

Founded in 1978, UX is a last mile logistics provider specializing in home delivery and installation of heavy goods, including e-commerce delivery and same-day delivery. The company has about 700 employees and a contracted capacity of more than 1,600 independent carriers and installers.

"UX is a highly scalable, tech-savvy addition to our last mile operations,” said Bradley Jacobs, chairman and CEO of XPO Logistics. “This acquisition expands our network for heavy goods home delivery, where we're already the number one provider, and adds more density to our growing e-commerce logistics footprint. UX has demonstrated strong organic growth based on long-term relationships with blue chip retailers who can use a wide range of our services. We're very pleased to welcome the employees, customers and carriers of UX to XPO."

XPO has 201 locations and about 11,500 employees. The company offers four business segments—freight brokerage, contract logistics, expedited transportation and freight forwarding.