XPO Logistics Inc., XPO -0.92 % one of the fastest-growing transportation and logistics providers in North America, is bolstering its fund for acquisitions,  XPO said Monday that it has secured a $1.26 billion investment from several institutional investors and plans to issue $2 billion in debt to back previous acquisitions, including the buy this year of European trucker Norbert Dentressenagle SA and new, unnamed purchases.  The new equity will come from a group of investors including the Ontario Teachers’ Pension Plan, Canada’s Public Sector Pension Investment Board and Singapore’s GIC Private Ltd., which made an initial $700 million investment in the company last year, as well as other sovereign and university endowment funds.  The investment will be structured in the form of common stock and preferred stock, giving the investors an approximately 21% stake in XPO. Shareholders must approve the deal.  XPO also said it plans to issue $2 billion in debt to institutional investors to support its aggressive expansion strategy. The company has used a series of acquisitions of freight brokerage and logistics companies to expand from $158 million in revenue in 2010 to $2.46 billion in 2014, when XPO purchased Pacer International and New Breed Logistics in separate transactions worth a combined $950 million.  In a statement Monday, XPO Chief Executive and Chairman Bradley Jacobs, said, “We’re delighted to deepen our relationships with several of our largest shareholders and also welcome new blue chip investors to XPO. We appreciate this endorsement of our growth strategy, which is still in its early innings.”  Greenwich, Conn.-based transportation logistics company XPO, which facilitates more than 31,000 deliveries each day, announced the Norbert acquisition in late April. The combined company would be the world’s second-largest freight brokerage firm by net revenue and have about $8.5 billion in annual revenue.  Moody’s Investors Service assigned a B1 rating to the $2 billion debt offering, saying the rating “reflects the compelling strategic rationale of the transaction, XPO’s favorable acquisition track record, and the significant equity component of the expected financing mix.”  Mr. Jacobs founded United Waste Systems Inc., WM 0.18 % which acquired more than 200 trash collection businesses before it was sold to USA Waste Systems Inc. for $1.7 billion in 1997. He went on to co-found United Rentals Inc. URI 1.65 % which has grown to become one of the largest equipment rental companies in the world, with a market value or more than $11 billion.  Write to Erica E. Phillips at erica.phillips@wsj.com
XPO Logistics is adding $3.26 billion in new debt and equity to extend an acquisition strategy that has made XPO one of North America’s fastest-growing logistics providers.