16 Oct Riveria Investment Group Invests in Xpress Global Systems
Chattanooga, TN – October 16, 2015 – Riveria Investment Group, a New York based private investment firm, announced it has closed its second debt transaction, a Term Loan commitment to Xpress Global Systems (“XGS”), a Tennessee based floor covering transportation provider. Riveria partnered with Alcentra Capital Corporation on the investment, which will enable XGS to pay down a portion of its debt and grow existing operations.
About Xpress Global Systems:
Founded in 1985, Xpress Global Systems is a leader in a transportation arena that has expanded far beyond simply hauling truckloads of carpet; XGS stands today as the premier, one-stop floor coverings logistics provider. With more than 40 years of collective experience in serving the needs of the floor covering industry, XGS boasts an extensive track record of success handling a variety of floor covering products, including all types of hard surfaces, rugs and, carpet. With 34 leased warehouses, 13 agent-based facilities, and 4 regional outbound service centers, XGS is the largest floor covering transportation provider in the U.S. The Company’s website is http://www.xgsi.com
About Riveria Investment Group:
Riveria Investment Group is a growth focused private investment firm that acquires and invests in middle-market companies based in the United States. Riveria primarily focuses on growing companies with a history of positive operating cash-flows and seeks transactions that present unique investment opportunities in industries experiencing significant growth. Riveria’s investment efforts emphasize growth and value-added strategies to generate strong returns. Riveria actively engages in the operations of portfolio companies by collaborating with management and implementing executive operating partners to grow its investments. Traditionally, Riveria has exclusively looked at equity related opportunities; however, in 2014 Riveria implemented a debt initiative, which will allow Riveria to provide flexible capital alternatives while maintaining a focus on growth and partnership with management.