Express-1 Expedited Solutions Raises $150M from Jacobs

Publicly traded Express-1 Expedited Solutions Inc. has sealed a deal to raise up to $150 million from Bradley S. Jacobs, the founder of equipment rental company United Rentals, his fund Jacobs Private Equity LLC and minority co-investors. Jacobs will become the majority shareholder, and chairman of its board, the company said Tuesday. Express-1 is a third-party logistics transportation services provider.

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