Jacobs Private Equity, LLC was formed by Bradley S. Jacobs to make a substantial equity investment in a single company with the potential for exceptional value creation.
On September 2, 2011, Jacobs Private Equity completed an equity investment in Express-1 Expedited Solutions, Inc., a U.S. logistics provider with $175 million of revenue. The company was renamed XPO Logistics, Inc. and Mr. Jacobs became chairman of the board of directors. He also serves as chief executive officer.
Today, XPO Logistics (NYSE: XPO) is a top ten global provider of cutting-edge supply chain solutions to the most successful companies in the world, and generates $15 billion of revenue. The company provides a comprehensive range of transportation and logistics services, including truckload brokerage and transportation, last mile logistics, highly customized contract logistics, high-value-add warehousing and distribution, ground and air expedite, less-than-truckload transportation, intermodal, drayage, managed transportation and global forwarding. XPO serves more than 50,000 customers with a strongly integrated network of over 88,000 employees and 1,440 locations in 34 countries.
Mr. Jacobs is unique in the business world in that he has founded five companies and led each of them to become a billion dollar or multi-billion dollar enterprise. These include three publicly traded corporations, which he built as cohesive organizations of critical mass with an intense focus on customer service. In the process, he has led teams that completed approximately 250 cold-starts and 500 acquisitions, including the purchase and integration of multi-billion dollar public companies in North America and Europe.
Prior to XPO, in 1997, Mr. Jacobs co-founded United Rentals, Inc. (NYSE: URI) to capitalize on the early-stage consolidation opportunities in the construction equipment rental industry in North America. Under his direction, United Rentals became the world's largest equipment rental company in just 13 months, with a brand globally recognized for its quality of operations and depth of resources.
In the 10 years that Mr. Jacobs ran United Rentals, the company achieved $3.9 billion in revenue and $1.2 billion in EBITDA, with more than 700 branches, 13,000 employees, and a ranking as the 536th largest public corporation in America by Fortune magazine. United Rentals stock outperformed the S&P 500 Index by 2.2 times.
In 1989, Mr. Jacobs founded United Waste Systems, Inc. During his eight years as chairman and chief executive officer, he built the company into the fifth largest solid waste management business in North America. United Waste Systems generated pre-tax margins that were among the highest in its industry. Its stock outperformed the S&P 500 Index by 5.6 times and delivered a 55% compound annual rate of return from IPO until the company was sold for $2.5 billion in 1997. At the time of sale, the company was a highly integrated organization of 40 landfills, 86 collection companies and 79 transfer and recycling stations in 25 states.
In 1984, Mr. Jacobs founded Hamilton Resources (UK) Ltd., a worldwide oil trading company, and served as its chairman and chief operating officer through 1989. During that time, he grew the company to annual revenues of approximately $1 billion through the execution of numerous large contracts with major oil companies and oil-producing countries and complex countertrade transactions.
In 1979, Mr. Jacobs co-founded Amerex Oil Associates, Inc. and served as its chief executive until the company was sold in 1983. Mr. Jacobs led the team that grew Amerex from a concept into one of the world's largest oil brokerage firms, with an annual gross contract volume of approximately $4.7 billion and offices in Houston, London, Tokyo and New Jersey. He oversaw all aspects of the business, including brokerage activities for refined petroleum products, residual fuels and energy futures, and personally directed all brokerage operations for international and domestic crude oil.
Mr. Jacobs has raised over $10 billion of debt and equity capital over the course of his career, including two IPOs. He maintains strong relationships with leading investment banks and buy-side institutions. Mr. Jacobs is listed among the Best CEOs of the 2016 All-America Executive Team; is American Shipper's 2015 Person of the Year; and is an inductee of the American Rental Association Hall of Fame.