Hub Group, Inc. (HUBG) has acquired NonstopDelivery

Hub Group, Inc. (NASDAQ: HUBG) 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.

“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.”

NSD provides basic, threshold and white glove last mile delivery services including warehousing and distribution, product assembly and reverse logistics to many of the largest retailers and manufacturers in the U.S. NSD operates a non-asset business model, working with a network of agents throughout the country. With NSD’s logistics technology, customers receive real-time visibility to shipments, have access to advanced analytic tools and seamlessly integrate with other platforms. NSD also prides itself in providing the highest levels of service to customers and consumers with a centralized Customer Care call center and dedicated Account Management teams. NSD's main offices are in Chantilly, VA.

“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.

CONFERENCE CALL

Hub Group will hold a conference call at 10:00am Eastern time on December 9, 2020 to discuss the transaction. Hosting the conference call will be Dave Yeager, Chairman and Chief Executive Officer. Also participating on the call will be Phil Yeager, President and Chief Operating Officer, and Geoff DeMartino, Chief Financial Officer.

The call is being webcast and can be accessed through the Investors link on Hub Group’s web site at www.hubgroup.com. The webcast is listen only. Those interested in participating in the question and answer session should follow the telephone dial-in instructions below.

To participate in the conference call by telephone, please dial 888-771-4371 approximately 10 minutes prior to the call and provide Conference ID 50036717. The call will be limited to 60 minutes including questions and answers.

An audio replay will be available through the Investors link on Hub Group’s web site at www.hubgroup.com. This replay will be available for 30 days.

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