Aterian Investment Partners LLC, through one of its affiliates, purchased Xpress Global Systems Inc. for an undisclosed amount.

Panton Capital Holdings sold Xpress to Aterian, according to S&P Global Market Intelligence data.

Xpress is a Chattanooga, Tenn.-based floor-covering products provider. It distributes carpets, area rugs, turfs and hard surface floor coverings across its 28 service centers in the U.S.

Aterian is a middle-market investment firm targeting companies with annual revenues between $25 million and $500 million.

Loughlin Management Partners + Co. and Weil Gotshal & Manges LLP served as adviser to Panton and Aterian, respectively.