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February 12, 2013 9:30 AM, EST
XPO Logistics Acquires East Coast Air Charter

XPO Logistics said Tuesday it has purchased East Coast Air Charter Inc., a third-party logistics company, for $9.3 million.

East Coast Air Charter specializes in expedited air charter brokerage and had 2012 revenues of $43 million, XPO said.

East Coast Air Charter was founded in 1997, and former owner William McBane will continue to lead the company in Statesville, N.C.

XPO Logistics’ CEO, Bradley Jacobs, said in a statement that East Coast Air Charter has “valuable synergies with XPO, including innovative proprietary technology and air carrier relationships that complement our over-the-road expertise.”