Werner Acquires 400-Truck Final Mile Carrier in $64 MILLION Deal

Omaha, NE — One of transportation’s largest carriers is boosting its final mile service with the addition of a 400-truck carrier.

This week, Werner Enterprises announced it has signed a definitive agreement and has closed on the acquisition of Monroe, CT-based NEHDS Logistics for a purchase price of $64 million, which includes a $4 million earnout.




 

NEHDS, founded in 2006 and specializing in the white glove delivery, installation, warehousing and inventory management of home furniture and appliances, 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 2-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,” said Derek Leathers, Chairman, President and Chief Executive Officer. “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’s technology, logistical expertise and geographic footprint is extremely attractive in partnering together. I am personally grateful for the opportunity to join the Werner team along with our entire management team, associates and contractors,” commented Gerry Burdo, Founder and President of NEHDS.

Werner financed the transaction through a combination of cash on hand and existing credit facilities.

Beginning in fourth quarter 2021, NEHDS financial results will be included in the Werner Logistics segment, the company said.

 


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