Werner Enterprises, Inc. Monday announced it has expanded its final mile capacity with the acquisition of NEHDS, which is based in Monroe, Connecticut,
A statement from Werner said the purchase price was $64 million, which includes a $4 million earnout.
NEHDS operates a fleet of over 400 delivery trucks primarily in the Northeast and Midwest U.S. corridors. NEHDS delivers primarily big and bulky products using two-person delivery teams performing residential and commercial deliveries through a network of 19 cross-dock, warehouse, and customer facilities.
“The addition of the NEHDS operations, management team, talented staff, and strong customer relationships to the Werner family represents a significant step forward in our Final Mile delivery program. The combination of award-winning service that NEHDS provides to its clients, along with the comprehensive portfolio of trucking capability, final mile logistics services, and technology will bring the Werner and NEHDS customer base many advantages,” said Derek Leathers, Chairman, president and chief executive officer.
Werner said NEHDS drivers, operations team, independent contractors, and facilities network strengthen its big and bulky products delivery offering by adding asset and employee-based operations with experience in complex deliveries to its already established national network of independent contractor agent locations. The NEHDS leadership team, drivers, non-driver associates, and independent contractors will remain with the business. NEHDS will be rebranded as Werner Final Mile.
“Both companies share a passion for valuing its professional drivers, associates and customers,” said Leathers. “We look forward to welcoming the NEHDS team and working together to maintain and grow the excellent relationships with current customers, independent contractors, employee drivers and office associates. We are excited at the opportunity to create additional value for new and existing customers. We remain committed to profitably growing our Logistics portfolio.”
source https://d0llars.com/acquisition-expands-werners-final-mile-capabilities/
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