STG Logistics Acquires XPO Logistics' Intermodal Division
March 25, 2022
STG Logistics, a Wind Point Partners portfolio company, acquired the intermodal division of XPO Logistics and will operate the combined business as STG Logistics. The transaction created a vertically integrated port-to-door containerized logistics provider and was accompanied by a recapitalization of STG by Wind Point and funds managed by Oaktree Capital Management; financing was led by Antares Capital and other lenders.
- Buyers
- STG Logistics, Wind Point Partners, Oaktree Capital Management
- Targets
- XPO Logistics (Intermodal division)
- Sellers
- XPO Logistics
- Platforms
- STG Logistics
- Industry
- Transportation
- Location
- Connecticut, United States
- Transaction Type
- Addon
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