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XPO Logistics acquires East Coast Air Charter for $9.25M

XPO Logistics announced that it has acquired the operating assets of East Coast Air Charter, a non-asset, third party logistics business specializing in expedited air charter brokerage, with 2012 revenues of approximately $43M. The cash purchase price was $9.25M with no assumption of debt, excluding any working capital adjustments. The acquisition is expected to be immediately accretive to earnings.