The King Of Acquisitions Says M&A Is 'Not In Our Life At The Moment' - XPO (NYSE:XPO)

CNBC's Mike Santoli

that M&A activity is poised to surge throughout 2017. But don't expect Brad Jacobs, the CEO of

XPO Logistics IncXPO

, to take part in any deals.

According to a Bloomberg report, XPO's business completed more than 500 different transactions over the past 30 years to create what is today one of the world's largest providers of transportation and logistics services with $15 billion in revenue.

Jacobs himself oversaw 13 acquisitions from when he became CEO of the company in 2011 through 2014, which implies an average of more than three deals each year. Throughout 2014 to today he oversaw five more deals, including a $3 billion acquisition of Con-way which investors were not happy with as the company's stock eventually losing more than 30 percent and taking nearly two years to recover.

A Deal Maker

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But Jacobs is now taking a backseat to M&A deals. He said in a conference call back in February that acquisitions "are not in our life at the moment," and the company will focus on creating "lots and lots of value" with all of the pieces it has bought over the decades.

Jacobs is described as a natural "deal maker" and prior to joining XPO he ran four separate companies. One of those companies, United Waste, was created in 1989 and aimed to combine local trash collectors. After running the company for eight years he oversaw 250 acquisitions and went on to sell the business for more than $2 billion.

But sooner or later Jacobs will get back into the M&A game. He also said during the February conference call that this would happen in either six to nine months or as far away as two years from now.

"Building up an M&A pipeline doesn't happen overnight," he was quoted as saying.