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| known_for = {{unbulleted list |Chairman and CEO of [[XPO Logistics]] |Co-founder of [[United Rentals]] |Founder of United Waste Systems |Founder of Hamilton Resources (UK) |Co-founder of Amerex Oil Associates}}
| known_for = {{unbulleted list |Chairman and CEO of [[XPO Logistics]] |Co-founder of [[United Rentals]] |Founder of United Waste Systems |Founder of Hamilton Resources (UK) |Co-founder of Amerex Oil Associates}}
| net worth = $2.7 billion (October 2018)
| net worth = $2.7 billion (October 2018)
| spouse = Lamia Jacobs
| children = 4
| parents = Charlotte Sybil Bander Jacobs<br> Albert Jordan Jacobs
}}
}}


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==Early life and education==
==Early life and education==
Jacobs was born in [[Providence, Rhode Island]]. His father was a jewelry importer. He attended [[Northfield Mount Hermon School]], [[Bennington College]] and [[Brown University]], but dropped out of school in 1976 to broker oil contracts.<ref name="forbes1999">{{cite news|author= |url=https://www.forbes.com/forbes/1999/1011/6409402a.html |title=Near Misses |work=Forbes |accessdate=November 11, 2011 |date=October 11, 1999}}</ref>
Jacobs was born to a [[American Jews|Jewish]] family in [[Providence, Rhode Island]], the son of Charlotte Sybil (née Bander) and Albert Jordan Jacobs.<ref>{{Cite web|first= |last= |authorlink= |title=Charlotte Sybil (Bander) Jacobs (1929–2013)|publisher=[[The Providence Journal]]|date=April 8, 2013 |url=https://www.legacy.com/obituaries/sunsentinel/obituary.aspx?n=charlotte-sybil-jacobs-bander&pid=164129386&fhid=11539 |accessdate=}}</ref><ref>{{Cite web|first= |last= |authorlink= |title=Albert Jordan Jacobs (1927–2018)|publisher=[[The Providence Journal]]|date=May 31, 2018 |url= https://www.legacy.com/obituaries/providence/obituary.aspx?n=albert-jordan-jacobs&pid=189147355&fhid=11539 |accessdate=}}</ref> His father was a jewelry importer. He attended [[Northfield Mount Hermon School]], [[Bennington College]] and [[Brown University]], but dropped out of school in 1976 to broker oil contracts.<ref name="forbes1999">{{cite news|author= |url=https://www.forbes.com/forbes/1999/1011/6409402a.html |title=Near Misses |work=Forbes |accessdate=November 11, 2011 |date=October 11, 1999}}</ref>


==Career==
==Career==
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==Personal life==
==Personal life==
⚫
Jacobs is married to Lamia Jacobs, an oil trader originally from [[France]]; they have four children.<ref name="forbes1999"/><ref>{{Cite news|url=https://www.forbes.com/sites/antoinegara/2018/04/10/xpo-logistics-bradley-jacobs-billionaire/#2950fc7cca6c|title=Better Than Amazon? How Bradley Jacobs Turned A $63M Bet Into A $12 Billion Transportation Empire|last=Gara|first=Antoine|work=Forbes|access-date=2018-07-01|language=en}}</ref><ref>{{Cite web|first=Sean |last= Stewart-Muniz |authorlink= |title= Connecticut restaurateur mortgages Palm Beach mega-manse - Owner is also former oil trader |publisher=[[The Real Deal (magazine)]]|date= August 5, 2015 |url= https://therealdeal.com/miami/2015/08/05/connecticut-restaurateur-mortgages-palm-beach-mega-manse/ |accessdate=}}</ref>

⚫
Bradley Jacobs is married with four children.<ref name="forbes1999"/><ref>{{Cite news|url=https://www.forbes.com/sites/antoinegara/2018/04/10/xpo-logistics-bradley-jacobs-billionaire/#2950fc7cca6c|title=Better Than Amazon? How Bradley Jacobs Turned A $63M Bet Into A $12 Billion Transportation Empire|last=Gara|first=Antoine|work=Forbes|access-date=2018-07-01|language=en}}</ref>


==Awards and recognition==
==Awards and recognition==
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[[Category:American chief executives]]
[[Category:American chief executives]]
[[Category:American financiers]]
[[Category:American financiers]]
[[Category:American Jews]]
[[Category:American investors]]
[[Category:American investors]]
[[Category:American trucking industry businesspeople]]
[[Category:American trucking industry businesspeople]]

Revision as of 18:53, 2 July 2019

Bradley Jacobs
Born (1956-08-03) August 3, 1956 (age 68)
Providence, Rhode Island, U.S.
Alma mater
OccupationBusinessman
Known for
  • Chairman and CEO of XPO Logistics
  • Co-founder of United Rentals
  • Founder of United Waste Systems
  • Founder of Hamilton Resources (UK)
  • Co-founder of Amerex Oil Associates
SpouseLamia Jacobs
Children4
Parent(s)Charlotte Sybil Bander Jacobs
Albert Jordan Jacobs

Bradley “Brad” Jacobs (born August 3, 1956) is an American businessman. He is the Chairman and Chief Executive Officer of XPO Logistics, Inc.[1][2] and the managing director of Jacobs Private Equity, LLC.[3] Jacobs is best known for consolidating companies in the waste management, equipment rental, and transportation and logistics industries, with the goal of slashing expenses through scale and increasing net profitability.[4] He has led approximately 500 acquisitions and 250 cold-starts over the course of his career,[3] and raised more than $20 billion in capital. As of October 2018 he is #302 on the Forbes 400, with a net worth of $2.7 billion.[5][6]

Early life and education

Jacobs was born to a Jewish family in Providence, Rhode Island, the son of Charlotte Sybil (née Bander) and Albert Jordan Jacobs.[7][8] His father was a jewelry importer. He attended Northfield Mount Hermon School, Bennington College and Brown University, but dropped out of school in 1976 to broker oil contracts.[9]

Career

Amerex Oil Associates, Inc.

In 1979, at the age of 23, Jacobs co-founded Amerex Oil Associates Inc., an oil brokerage firm with offices in New Jersey, Houston, London, and Tokyo.[3][10][11] He served as its CEO until the firm was sold in 1983. In that time, the company's annual gross contract volume grew to approximately $4.7 billion.[3]

Hamilton Resources (UK) Ltd.

In 1984, Jacobs went to England and founded Hamilton Resources (UK) Ltd., an oil trading company,[9] using the bulk of his savings and a $1 billion line of credit from Banque Paribas.[11] As chairman and chief operating officer, he grew the company to approximately $1 billion in annual revenue, before quitting the business in 1988 and moving back to the United States.[9]

United Waste Systems, Inc.

In July 1989, Jacobs founded United Waste Systems in Greenwich, Connecticut, planning to consolidate small garbage collectors that had overlapping routes in rural areas.[10] Jacobs served as chairman and CEO,[12] and in 1992 he took the company public on the NASDAQ. In August 1997, after the company had made more than 200 acquisitions,[13] Jacobs sold United Waste Systems to USA Waste Services Inc. (now known as Waste Management, Inc.) for $2.5 billion.[11][14][15] At the time of sale, United Waste Systems was the fifth-largest solid waste management company in North America.[3][14]

United Rentals, Inc.

In September 1997, Jacobs formed United Rentals,[10][14] serving as the new company's chairman and CEO. As with United Waste, Jacobs planned to grow United Rentals through a rollup strategy, consolidating small equipment rental dealers across North America.[12][16] The company went public in December 1997,[17][18][19] and began trading on the New York Stock Exchange.[10] Jacobs stepped down from United Rentals in August 2007. In the 10 years since its formation, United Rentals had become the 536th largest public corporation in America, as ranked by Fortune magazine,[20] and outperformed the S&P 500 Index 2.2 times over.[3] Jacobs had engineered approximately 500 acquisitions by this point in his career,[21] including more than 250 for United Rentals.[18][22]

XPO Logistics, Inc.

On September 2, 2011, Jacobs completed an investment of about $150 million in Express-1 Expedited Solutions (trading at the time as AMEX: XPO), a third-party logistics and transportation service provider.[11] He assumed the roles of chairman of the board and chief executive officer,[23][24] gained ownership of approximately 71 percent of the company,[13] and renamed the company to XPO Logistics, retaining the symbol XPO on the New York Stock Exchange.[25]

In February 2012, Jacobs announced plans to grow XPO's revenue from $175 million to $5 billion within five years through M&A.[26] By the end of 2016, he had spearheaded 17 acquisitions and turned XPO into a $15 billion company.[27]

Personal life

Jacobs is married to Lamia Jacobs, an oil trader originally from France; they have four children.[9][28][29]

Awards and recognition

In March 2009, Jacobs was inducted into the American Rental Association's Hall of Fame.[18][22] He was named American Shipper's Person of the Year on November 25, 2015,[30] and was listed among the Best CEOs of the 2016 All-America Executive Team one week later.[31] On December 11, 2017, Jacobs received the 2017 Connie Award from the Containerization and Intermodal Institute (CII).[32]

Jacobs has been recognized in multiple readers' choice surveys by Glassdoor and Barron's. In May 2018 he was ranked 10th on Barron's list of the World's Best CEOs,[33] while in June Jacobs was listed 7th on Glassdoor's Top CEOs of 2018 list in France,[34] and 20th in the UK.[35]

References

  1. ^ Susie Gharib (July 5, 2017). "How to Deal With Doubters, According to One Fortune 500 CEO". Fortune.
  2. ^ Josh Kosman (August 16, 2017). "Overstock looking to gain advantage with potential 2-day delivery". New York Post.
  3. ^ a b c d e f "Jacobs Private Equity, LLC". Jacobs Private Equity. Retrieved August 20, 2016.
  4. ^ Silver-Greenberg, Jessica. "Miscarrying at Work: The Physical Toll of Pregnancy Discrimination". Retrieved October 26, 2018.
  5. ^ Ryan, Lidia (March 6, 2018). "16 Connecticut residents make Forbes 2018 list of billionaires". GreenwichTime. Retrieved March 6, 2018. {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  6. ^ "Forbes 400 2018". Forbes. Retrieved October 20, 2018.
  7. ^ "Charlotte Sybil (Bander) Jacobs (1929–2013)". The Providence Journal. April 8, 2013.
  8. ^ "Albert Jordan Jacobs (1927–2018)". The Providence Journal. May 31, 2018.
  9. ^ a b c d "Near Misses". Forbes. October 11, 1999. Retrieved November 11, 2011.
  10. ^ a b c d "United Rentals, Inc. – Company History". Fundinguniverse.com. Retrieved November 11, 2011.
  11. ^ a b c d "June 4, 2005 Entrepreneur tells of unknown future". StamfordAdvocate. May 10, 2011. Retrieved November 11, 2011.
  12. ^ a b "October 1, 2003 United Rentals CEO Steps Down". StamfordAdvocate. May 10, 2011. Retrieved November 11, 2011.
  13. ^ a b Zimmerman, Kevin (November 17, 2017). "XPO Logistics: Fast growth through acquisitions and management style". Westfair Communications. Retrieved December 27, 2017.
  14. ^ a b c Silvia Sansoni (April 8, 1996). "The earth mover". Forbes. Retrieved November 11, 2011.
  15. ^ "The big bet of Brad Jacobs". DCVelocity. January 9, 2012. Retrieved May 12, 2016.
  16. ^ Brandey Chewning Smith, RER (November 1, 2003). "United Rental CEO". Rermag.com. Retrieved November 11, 2011.
  17. ^ Wall Street Journal, June 17, 1998, “United Rentals Business Bores All but Holders”
  18. ^ a b c Christine Coleman. "Hoxie, Jacobs and Plugge join the Rental Hall of Fame". Rentalmanagementmag.com. Retrieved November 11, 2011.
  19. ^ "United Rentals Makes Offer For Acquisition-Minded Rival – New York Times". The New York Times. April 6, 1999. Retrieved November 11, 2011.
  20. ^ "FORTUNE 500 2007: United Rentals". CNN. Retrieved November 11, 2011.
  21. ^ "Chief Executive Plans to Leave United Rentals – New York Times". The New York Times. September 30, 2003. Retrieved November 11, 2011.
  22. ^ a b "Jacobs, Hoxie and Plugge to be Inducted in Rental Hall of Fame". Rermag.com. October 31, 2008. Retrieved November 11, 2011.
  23. ^ "The big bet of Brad Jacobs". dcvelocity.com. January 9, 2012. Retrieved June 6, 2012.
  24. ^ A. Ananthalakshmi (October 6, 2011). "DealTalk: Brad Jacobs: a U.S. transport serial acquirer". Reuters. Retrieved November 11, 2011.
  25. ^ "Jacobs has big plans for Express-1 expediter". greenwichtime.com. February 7, 2012.
  26. ^ Black, Thomas (October 2, 2017). "With His Stock Up 330%, a Serial Dealmaker Seeks Biggest Hit Yet". Bloomberg. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  27. ^ "Keep on trucking: Greenwich's XPO Logistics sees no limit to growth". GreenwichTime. Retrieved October 19, 2017.
  28. ^ Gara, Antoine. "Better Than Amazon? How Bradley Jacobs Turned A $63M Bet Into A $12 Billion Transportation Empire". Forbes. Retrieved July 1, 2018.
  29. ^ Stewart-Muniz, Sean (August 5, 2015). "Connecticut restaurateur mortgages Palm Beach mega-manse - Owner is also former oil trader". The Real Deal (magazine).
  30. ^ "Person of the Year". American Shipper. November 25, 2015. Retrieved May 12, 2016.
  31. ^ "The All-America Executive Team" (PDF). Institutional Investor. December 2, 2015. Retrieved May 12, 2016.
  32. ^ "Brad Jacobs, CEO, XPO Logistics Honored with 2017 Connie Award by CII". Retrieved December 27, 2017.
  33. ^ "The World's Best CEOs: Barron's Readers' Picks". Retrieved July 15, 2018.
  34. ^ "Le Top Des PDG France". Glassdoor. Retrieved July 15, 2018.
  35. ^ "Top CEOs UK". Glassdoor. Retrieved July 15, 2018.
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