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XPO Logistics inks pair of deals to bolster corporate business

Jul 30, 2014 - The Deal Pipeline

Acquisitive XPO Logistics Inc. late Tuesday committed $652 million to buy two firms that the company said will help it to expand its reach as a provider of transport services to corporate customers.

Greenwich, Conn.-based XPO said it would buy New Breed Holding Co. of High Point, N.C., for $615 million and Atlantic Central Logistics Inc. of New Jersey for $36.5 million. New Breed processes more than 275,000 orders per day via 71 facilities staffed by 6,800 employees, while ACL is a provide...