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Third-party logistics company XPO Logistics, formerly known as Express-1 Expedited Solutions, said its acquisition by an equity firm is complete.

Jacobs Private Equity had agreed to invest up to $135 million in the company, with another $15 million coming from co-investors.

Last week, stockholders approved the transaction and the company’s new name of XPO Logistics Inc., the company said.

Bradley Jacobs, managing director of Jacobs Private Equity, became the chairman of XPO Logistics’ new board of directors. He will also serve as CEO.