Hub Group, Inc. announced today that it has acquired NonstopDelivery, LLC (“NSD”), a leading last mile logistics provider. Founded in 2000, NSD’s delivery network includes over 170 agent locations, which enables service to all U.S. zip codes. The acquisition of NSD adds a complementary residential Last Mile service capability to Hub Group’s solutions offerings.
- NSD is a market leading provider of last mile solutions for many large retailers
- Expands Hub Group’s solutions offering with a complementary, value-added residential Last Mile service capability
- Provides unsurpassed levels of service and an exceptional home delivery customer experience
- NSD’s talented senior leadership team will remain with the business
- NSD provides its service on a nationwide basis through a non-asset business model
- Anticipated to be accretive to Hub Group’s earnings in 2021
“This acquisition delivers on our strategy to expand our offerings to provide an end-to-end solution for our customers’ supply chains. We expect there will be significant opportunities to offer NSD’s high service last mile delivery solutions to Hub’s customer base,” said Dave Yeager, Hub Group’s Chairman and CEO. “We are excited to welcome NSD’s employees, customers and agents into the Hub Group family.”
“The NSD team is thrilled to join Hub Group,” said Steve Senkus, CEO and founder of NSD. “Hub Group and NSD have been working together for over 10 years managing our customers’ middle mile logistics needs. We share a culture of service, integrity and innovation, providing a strong foundation for our two companies to come together to create additional value for our customers.”
Winston & Strawn LLP served as lead legal counsel to Hub Group on the transaction. Stifel and Scudder Law Firm, P.C., L.L.O. acted as financial advisor and legal counsel, respectively, to NSD on the transaction.