Amherst Partners Advises on Sale of Delta Distribution

Amherst Partners, LLC (“Amherst”) is pleased to announce the sale of Delta Distribution / Michigan Carpet (“Delta” or the “Company”) to Xpress Global Systems (“XGS”), a portfolio company of Aterian Investment Partners. Amherst acted as the exclusive financial advisor to Delta in connection with the transaction.

About Delta Distribution/Michigan Carpet

Founded in 1997, Delta Distribution / Michigan Carpet, based in Grand Rapids, Michigan, is a less-than-truckload carrier specializing in consolidating, moving and managing floor inventory from point of origin to final destination. Delta operates a fleet of tractors and trailers delivering floorcoverings from nine locations servicing the Great Lakes and Midwest regions of the country.  The Company’s customers include many of the major commercial and residential flooring manufacturers that produce carpet, vinyl and tile flooring products sold through national, regional and specialty retail centers.

About the Transaction

In early 2021, Aterian Investment Partners, on behalf of its portfolio company, XGS, approached Delta and expressed its interest in a potential acquisition.  Delta’s shareholder elected to explore this inquiry and engaged Amherst to negotiate the terms of the proposed transaction, and subsequently, manage the sale process on behalf of the Company.

The completed transaction represents an important liquidity event for Delta’s shareholder and assists Xpress Global Systems in bolstering its national footprint and long-term growth objectives.

Honigman served as legal counsel to the Company.

About Xpress Global Systems

Xpress Global Systems is a leader in the nationwide transportation of floorcoverings.  Headquartered in Chattanooga, Tennessee, XGS has served its customers for over 30 years and is among the largest independent transportation providers in the industry.

About Aterian Investment Partners

Aterian Investment Partners manages over $700 million of committed capital and invests in industry-leading, middle-market businesses.  In collaboration with management, Aterian supports investments throughout an organization, from people to processes, equipment, technology, and social governance, among other areas.

About Amherst Partners

With a track record that spans over 25 years, Amherst is one of the Midwest’s most reputable boutique investment banking advisory firms. Among its core services, Amherst provides middle-market and closely-held companies with significant financial advisory expertise for business divestitures, acquisitions, capital raises, and other corporate finance transactions. Our professionals share a commitment to developing a trusted advisor relationship with our clients and referral partners and have amassed an extraordinary track record of success, with over 450 domestic and cross-border transactions exceeding $20 billion in total transaction value. Securities-related transactions are offered through Amherst’s wholly owned subsidiary, One Amherst Partners LLC, a registered broker-dealer and member of FINRA and SIPC.  For more information, visit our website: https://www.amherstpartners.com and follow us on LinkedIn.