Mazzone & Associates advised Panton Equity Partners and Mosaic Investments on the Recapitalization of Xpress Global Systems
Mazzone & Associates, Inc. represented Xpress Global Systems (“XGS”) and its financial sponsors, Mosaic Investments, Inc. (“Mosaic”) and Panton Equity Partners (“PEP”) in securing mezzanine financing from Alcentra Capital Corporation, a publicly traded BDC based in New York, New York. Headquartered in Chattanooga, TN and founded in 1985, XGS is the largest floor covering transportation and logistics provider in the U.S. Murad Karimi, founder of Mosaic Investments commented, "Mazzone & Associates' understanding of the private debt marketplace and ability to find the right partner will help ensure XGS's continued growth and success. We look forward to working with Mazzone & Associates on future transactions, as we continue to grow our firm."
Panton Equity Partners (“PEP”) is an Atlanta-based boutique private equity firm that makes control equity investments in lower middle market niche service businesses with enterprise values up to $150 million. PEP focuses partnering with entrepreneurs and investing in niche service businesses, including Financial Services, Infrastructure Services, and Transportation/Logistics.
Mosaic Investments, Inc. (“Mosaic”) is a private investment firm based in Atlanta, Georgia that specializes in acquiring and managing established operating businesses and real estate throughout the Southeast. Mosaic invests in a variety of transactions including growth capital, minority investments, and buyouts in primarily “old economy” businesses, including restaurants & franchises, telecommunications, transportation & logistics and consumer & retail.
XGS offers specialized Less-Than-Truckload (“LTL”) transportation, warehousing, and commercial delivery for Hard-to-Move goods. XGS was previously a non-core subsidiary of US Xpress, a $1.5 billion (revenue) truckload provider. XGS maintains relationships with over 3,000 customers including: blue chip retailers (Home Depot, Lowe’s, Walmart), floor covering manufacturers (Mohawk, Shaw Floors, Engineered Floors), and Hard-to-Move manufacturers (Samsung, Pella, Larson).