XPO Logistics acquires Optima Service Solutions

New York -- Transportation logistics services provider XPO Logistics has acquired Optima Service Solutions, a non-asset provider of last-mile logistics services for major retailers and manufacturers in the United States.

The cash purchase price was $26.6 million, excluding any working capital adjustments, with no assumption of debt.

Founded in 1997, Optima has generated a 16% compound annual growth rate throughout the past five years. The business uses its contractual network of independent carriers and technicians to facilitate the residential delivery of heavy goods in every U.S. ZIP code. Optima’s proprietary technology tracks the last-mile process through order entry, scheduling and service completion.

“Optima is a fast-growing, highly scalable leader in its space, and expands the capabilities of our last-mile division, 3PD,” said Bradley Jacobs, chairman and CEO of XPO Logistics. “It enhances our ability to provide a seamless in-home delivery experience for end customers, particularly with large appliances and electronics.”

XPO is the fourth largest freight brokerage firm, the largest provider of heavy goods, last-mile logistics, and a top five expediter, with growing positions in global freight forwarding, intermodal and less-than-truckload brokerage. The company facilitates more than 18,500 deliveries a day throughout the U.S., Mexico and Canada.

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