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December 28, 2018 1:00 PM, EST

Aterian Acquires Xpress Global Systems

Aterian Investment Partners, a private investment firm, said it has acquired Xpress Global Systems.

Xpress Global logo

Founded in 1986 and based in Chattanooga, Tenn., XGS is a provider of rolled floor coverings, including carpet, area rugs, turf and hard surface floor coverings.

XGS operates 28 service centers across the United States, and services 3,000 customers. XGS maintains a national network of service centers and trucks to make deliveries, according to Aterian.

Aterian is a middle-market private equity firm that invests in businesses generating $25 million to $500 million of annual revenue, according to a news release.