Werner Enterprises has expanded its home delivery network capabilities across the US following its latest investment.
The transport and logistics company has closed a deal with NEHDS Logistics for $64 million USD, including a $4.0 million earnout.
NEHDS operates a fleet of 400 delivery trucks primarily in the Northeast and Midwest US corridors and typically delivers big and bulky products using two-person teams performing residential and commercial work 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,” said Werner Enterprises Chairman, President and CEO, Derek Leathers.
“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.”
Werner financed the transaction through a combination of cash on hand and existing credit facilities. Beginning in Q4 2021, NEHDS financial results will be included in the Werner Logistics segment.
Earlier this year, Werner celebrated an operational safety milestone.