PSP Investments, GIC and Ontario Teachers' Pension Plan have agreed to invest a total of $700 million in XPO Logistics (NYSE: XPO). The transportation logistics company facilitates more than 31,000 deliveries a day through 203 locations; it will receive all of the net proceeds, which it intends to use primarily for acquisitions. Scheduled to settle on September 17, the transaction will give the investors about 22% of XPO's common stock on a fully diluted basis. In light of the deal, XPO has raised its 2017 financial targets to approximately $9 billion of revenue and $575 million of EBITDA. It has been backed by Jacobs Private Equity since 2011.