Jacobs Private Equity

Brad Jacobs is managing director of Jacobs Private Equity, LLC, executive chairman of XPO Logistics, Inc. (NYSE: XPO), non-executive chairman of GXO Logistics, Inc. (NYSE: GXO) and non-executive chairman of RXO (NYSE: RXO).

Jacobs' track record in the business world is unique. He has created seven billion-dollar or multibillion-dollar companies, including five publicly traded corporations: United Waste Systems, United Rentals, XPO Logistics and its spin-offs, GXO Logistics and RXO. XPO, United Rentals and United Waste all became “ten-plus-baggers,” with each share price rising more than 1,000% from the time Jacobs took control. XPO was the 7th best-performing stock of the last decade on the Fortune 500, based on Bloomberg market data, and its share price had risen by more than 2,000% by the time Jacobs spun off GXO in August 2021. GXO launched as the largest pure-play contract logistics company in the world and had the highest-performing stock of all fully divested spin-offs in 2021. RXO launched as the fourth largest broker of full truckload transportation services in the United States.

Over the course of his career, Jacobs has led teams that completed approximately 500 acquisitions and opened over 250 greenfield locations to create highly integrated, innovative service networks. He has raised over $25 billion of debt and equity capital, including three IPOs, and maintains strong relationships with leading investment banks, sovereign wealth funds and other buy-side institutions.

A singular record of value creation
In 2010, Jacobs formed Jacobs Private Equity to make a substantial equity investment in a single company with the potential for superlative value creation. In 2011, Jacobs created XPO Logistics with an investment of up to $150 million in Express-1 Expedited Solutions, Inc., a publicly traded, U.S. transportation and logistics provider with approximately $175 million of revenue. Jacobs selected the transportation and logistics industry as a strong match to his skill set and investment criteria: the industry is large, fragmented and growing faster than GDP, making it ripe to leverage scale and technology.

From its founding in 2011, XPO has executed a strategy of proprietary technology development to drive operational excellence and customer service. By 2021, Jacobs and his management team had built XPO into a top 10 global provider of transportation and logistics, spanning 20 countries. With the GXO spin-off, XPO became a pure-play transportation provider, with over 740 locations and 40,000 employees serving over 50,000 customers.

Today, XPO is established as an innovation leader in B2C and B2B freight transportation sectors, with a first-mover technology advantage. The company is the fourth largest US less-than-truckload (LTL) provider, with leadership positions in key European geographies. XPO’s growth is being driven by demand for its digital capabilities and access to capacity, as well as a secular trend toward outsourcing the transportation of goods.

Prior to XPO, in 1997, Jacobs founded United Rentals and built it into the world's largest construction equipment rental company in 13 months. In the 10 years that Jacobs ran United Rentals, the stock outperformed the S&P 500 Index by 2.2 times. By 2007, Jacobs had built United Rentals into the 536th largest public corporation in America, as ranked by Fortune magazine, with $3.9 billion in revenue and $1.2 billion in EBITDA.

In 1989, Jacobs founded United Waste Systems During his eight years as chairman and chief executive officer, he grew the company into the fifth largest solid waste management business in North America. Its stock outperformed the S&P 500 Index by 5.6 times and delivered a 55% compound annual rate of return from its IPO until the company was sold for $2.5 billion in 1997. At the time of the 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, Jacobs founded Hamilton Resources Ltd., a worldwide oil trading company, and served as its executive chairman through 1989. During that time, he grew the company to annual revenue of approximately $1 billion, primarily through the execution of large contracts with major oil companies and oil-producing countries.

In 1979, Jacobs co-founded Amerex Oil Associates, Inc. and served as its chief executive until 1983. Jacobs led the team that grew Amerex from a concept into one of the world's largest oil brokerage firms, with approximately $4.7 billion of annual gross contract volume and offices on three continents. He oversaw all aspects of the business, including brokerage activities for refined petroleum products, residual fuels and energy futures, and directed all brokerage operations for international and domestic crude oil.

Jacobs was ranked the Best CEO in Transportation in Institutional Investor's 2022 All-America Executive Team awards. In 2018, Jacobs was ranked 10th on Barron's list of the World's Best CEOs and was named a Top CEO by Glassdoor in France and the UK. He is a member of The Business Council and Business Roundtable, both of Washington, D.C., as well as the Economic Club of New York.