Wind Point and Oaktree-backed STG Logistics completed the acquisition of the intermodal division of XPO Logistics for $710m.

Wind Point and Oaktree-backed STG Logistics, a provider of facilities-based containerized logistics services, completed the acquisition of the intermodal division of XPO Logistics, a provider of container transportation services, for $710m. "I could not be more excited about this game-changing acquisition. We are combining STG's leading position in facility-based container logistics with XPO Intermodal's leading position in container transport, creating a platform with unparalleled capabilities. Once combined, the STG network will be able to handle a container from the instant it's ready at a port or customer facility to the moment each individual shipment arrives at its final destination, all the while providing customers full visibility and a single source of accountability," Paul Svindland, STG CEO.