Estenson has a long history of outstanding customer service and is focused on safety and providing its employees with a solid foundation for growth. See More Acquisitions & Subsidiaries. All Rights Reserved. Robert W. Baird and Company analyst Ben Hartford observed in a research note that this deal marks the first transaction under Hub’s previously announced $1 billion, five-year acquisition strategy it rolled out in February 2016, while adding it comes with a caveat. Hub Group Hub Group has reached a deal to acquire Estenson Logistics for $306 million, which, if approved, would combine the Nos. To hear more about our incredible journey, we invite you to watch the video about how this dream came true. Verify Estenson Logistics Employees. About Hub Group Our mission is to continuously elevate each customer’s business to drive long-term success. For calendar year 2016, Estenson revenue was approximately $250 million. Since our inception in 1971, Hub Group has aimed to deliver innovative, value-driving supply chain solutions. By. Bonnie Worthington Director Highway Services at Hub Group Overland Park, KS. “For example, we have identified about $2 billion in annual dedicated spend across Hub’s top 30 customers. Tim Estenson. © 2021 GlobeNewswire, Inc. All Rights Reserved. Hub Group's Tech Stack. It is a high value-added service that offers opportunities for logistics optimization and the ability to build strong, long-term customer relationships.”. GET A QUOTE. CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical, including statements about Hub Group's or management's earnings guidance, intentions, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. With the addition of this dedicated service, Hub Group will offer a more complete multi-modal solution to its customers, which will include intermodal, truck brokerage, logistics and dedicated trucking. For its year ended December 31, 2016, Estenson generated revenue of approximately $250 million. Those interested in participating in the question and answer session should follow the telephone dial-in instructions below. By. He joined Hub Group in 2016 as Vice President, Corporate Development and Strategy, and led the acquisitions of Estenson Logistics and CaseStack, and the divestiture of Mode Transportation. By. Transaction Highlights. Estenson Logistics Inc. Dec 31, 2005. Keeton Easley. This is why we are extremely excited to be a part of the Hub Group family and I am looking forward to staying on board to see our company continue to flourish.”. Rajnesh Dalton . Intermodal Solutions . 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Company USDOT number is 801828 and docket number is 357193. In 1971, Phillip and Joyce Yeager founded Hub Group (then known as Hub City Terminals) in Hinsdale, Illinois. The Hub executive said that over that last several years Hub has evaluated a number of opportunities in the dedicated space, and added that Hub is convinced it is adding a strong business with a proven record of excellent service, a safety-branded culture, impressive growth, and attractive margins. Hub Group announces agreement to acquire Estenson Logistics … Also participating on the call will be Don Maltby, Chief Operating Officer, Terri Pizzuto, Chief Financial Officer and Geoff DeMartino, Vice President of Corporate Development. ABOUT HUB GROUP: Hub Group Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage and logistics services. Hub Group expects to accelerate Hub Group Dedicated Services growth through cross-selling opportunities from its diverse customer base. The 43-year-old Phillip Yeager quit his job at the Pennsylvania Railroad, where he had worked for 19 years, to create Hub Group. Estenson Logistics, LLC is located in Mesa, AZ, United States and is part of the Truckload Carriers Industry. Comtrak Logistics. The deal is expected to close on or around July 1, according to Hub officials. “It was extremely important to me personally to find a home for us that shares those values. The Company was recently recognized as The Home Depot’s Dedicated Van Partner of the Year for 2016. We are looking forward to working with the Estenson team.”. To participate in the conference call by telephone, please dial (866) 323-5460 approximately 10 minutes prior to the call and provide Conference ID 29665168. Estenson is a best in class operator with over 1,200 power units and over 5,000 trailers operating at approximately 120 customer locations. And he said the Estenson business will provide another high value solution that Hub will be able to offer to its clients, with Hub intending to accelerate the growth of the Estenson business with opportunities from Hub Group’s diverse customer base. There are 91 companies in the Estenson Logistics, LLC corporate family. Hub Group expects the Transaction will close on or about July 1, 2017, subject to the satisfaction of customary closing conditions and required approvals. Eclipse Foundation. Director of Operations at Estenson Logistics. IBM SPSS. Hub Group News & Media. Adobe. Following the closing of the Transaction, the business will be named Hub Group Dedicated Services and will operate as part of Hub Group Trucking. The Company’s leadership team, including Tim Estenson, CEO, will continue in their current roles. Forward-looking statements may contain words such as “expects”, “expected”, “believe”, “projected”, “estimate”, or similar words, and are based on management's experience and perception of historical trends, current conditions, and anticipated future developments, as well as other factors believed to be appropriate. * When it comes to a successful trucking career, you want to be where you’re paid well and treated right. “While we view Hub’s execution on that strategy positively, and the acquisition further diversifies Hub’s portfolio, we note that the new dedicated offering carries a higher capital intensity that its legacy core domestic intermodal offering has historically employed.”. Dedicated trucking is an attractive market benefitting from several positive industry trends. Hub Group is one of the largest transportation companies in the industry. US-based multimodal services provider Hub Group has agreed to acquire dedicated trucking company Estenson for $306m. We believe these statements and the assumptions and estimates contained in this release are reasonable based on information that is currently available to us. Pickup Location. at Estenson Logistics Ontario, CA. Thousands of experienced professionals serve and support our asset-based intermodal program, fine-tuning our services to meet your unique transportation needs. Estenson embraces a commitment to safety, efficiency, technology and innovation, and prides itself on maintaining superior service levels on a constant and consistent basis. Hub Group, Inc. has agreed to acquire the business of contract trucking company Estenson Logistics, LLC for approximately $306 million, the company said Thursday. Hub chairman and CEO David Yeager said his company had been searching for an acquisition in this market segment for the past two years, to help it provide “a more complete multimodal solution”. 560 West Brown Road, Suite 3001 Mesa, AZ 85201 (480) 940-8800 / (480) 940-8802 contactus@hubgroup.com This replay will be available for 30 days. The business case for collaborative mobile robotics. Hub Group, a leading $3.5 billion transportation management company, provides more than 45 years of time-tested intermodal, truck brokerage and logistics services throughout North America. Truework allows you to complete employee, employment and income verifications faster. It will continue to see strong growth among shippers that outsource their non-core function, which we believe will accelerate due to the upcoming changes in regulatory requirements, as well as demographic changes in the driver market. Regional Manager at Estenson Logistics Pomona, CA. Cross-selling synergies are expected to begin at $8 million in 2018 and ramp up to more than $100 million of total incremental revenue in year 5.”. Brady B. Brady B. Owner/Principal at Burst Logistics Scottsdale, AZ. Estenson Logistics - … For more information, visit www.hubgroup.com. Hub Group has reached a deal to acquire Estenson Logistics for $306 million, which, if approved, would combine the Nos. In 2017 Estenson Logistics was acquired by Hub Group, one of the largest multi-modal providers in North America, and the company now operates under Hub Group name. This is why we are extremely excited to be a part of the Hub Group family and I am looking forward to staying on board to see our company continue to flourish.”. “We have been searching for an acquisition in the dedicated space for some time and have found an organization with a great fit in terms of culture, management style and business philosophy. Apache Corporation . The call will be limited to 60 minutes including questions and answers. Hub Group’s acquisition of Estenson Logistics, its first foray into the dedicated trucking marketplace, fulfills a promise the intermodal marketing company made nearly a year ago to catch up to its competitors and diversify beyond its core rail-based business.. “We built our company from the ground up and we are passionate about a superior customer experience and employee satisfaction,” said Tim Estenson in a statement. Such statements should be viewed with caution. Mesa, AZ Freight Broker: ... Order Management Supervisor at Hub Group Phoenix, AZ. Sign up today for your free Reader Account. E-commerce Boom: Welcome to the new reality. we embrace a commitment to safety, efficiency, technology, innovation, and unmatched customer service. 28 and 46 companies, respectively, on the Transport Topics Top 50 list of the largest logistics companies in North America. Microsoft Project. Hub Group is honored to receive two more awards, the 2020 Supply & Demand Chain Executive (SDCE) Green Supply Chain Award and Food Logistics 100 Top Software and Technology Providers. Get a truck driving job with Estenson Logistics. * Hub group inc - ‍co’s subsidiary, hub group trucking, inc., has entered into an agreement to acquire business of estenson logistics, llc Source text for Eikon: Further company coverage: Established in 1999, Estenson is one of the largest dedicated contract carriers in North America, with more than 1,200 power units, more 5,000 trailers operating at roughly 120 customer locations, and 1,700 employees. Forward-looking statements are inherently uncertain and subject to risks, and should be viewed with caution. Sign up today to receive our FREE, weekly email newsletter! By. OAK BROOK, Ill., May 25, 2017 (GLOBE NEWSWIRE) -- Hub Group, Inc. (“Hub Group”) (NASDAQ:HUBG), one of the nation’s leading freight transportation management companies, announced today … CONFERENCE CALLHub Group will hold a conference call at 5:30 p.m. Eastern time on Thursday, May 25, 2017 to discuss the acquisition. Other Information for this Carrier . Eclipse IDE. The call is being webcast and can be accessed through the investor’s link on Hub Group’s Website at www.hubgroup.com. “We conduct an annual survey of our customers, and dedicated trucking consistently ranks at the top of the list as a service line that our customers would like to see Hub offer,” he said. From the March 2021 Logistics Management Magazine Issue, Hub Group announces plans to acquire Estenson Logistics. Nicholas Howard. Global Logistics: Challenges in our changing world. Hub Group Dedicated prides ourselves in fostering a team environment in which integrity, dedication, and hard work are recognized and rewarded. HUB GROUP, ESTENSON LOGISTICS LLC is a Hazmat certified freight shipping Broker from OAK BROOK, IL. More About Our History Hub Group Trucking, a subsidiary of Hub Group Inc., said it will acquire Estenson Logistics for approximately $306 million. Arcadia Data. Estenson Founder and CEO Tim Estenson and the rest of the Estenson management team will continue to lead the business. Apache Log4j. Microsoft. Excluding this amount, the Transaction represents an enterprise value of approximately $289 million, or 6.75x 2016 Adjusted EBITDA. Hub Group to acquire dedicated carrier; offers customers a more complete multi-modal solution. Hub Group (NASDAQ: HUBG) announced this past Thursday after the market close that the company had acquired Estenson Logistics for $306 million. Hub Group’s strategy is not only innovative and customized, but it’s also incredibly effective – providing you access to a fleet of. Hub Group’s trucking operation will expand to over 3,800 power units, which will result in opportunities to more efficiently deploy equipment and drivers. Oak Brook, Ill.-based freight freight transportation services provider Hub Group Inc. said yesterday its subsidiary, Hub Group Trucking Inc., has entered into an agreement to acquire Estenson Logistics LLC, a Mesa, Az.-based provider of dedicated freight transportation services, for roughly $306 million. Hub Group Dedicated is the premier dedicated transportation company on the road today. With nearly 50 years of time-tested expertise and in-depth data, Hub Group provides flexible, reliable intermodal transportation services across North America. Estenson Logistics Aug 2011 - Present 9 years 8 months. The company was started with $10,000 and was located in a windowless, one-room office above a flower shop. Our commitment to service inspires us to go above and beyond every day for our customers, drivers and carriers. Estenson Logistics, LLC has 200 total employees across all of its locations and generates $68.11 million in sales (USD). Estenson was founded in 1999 and has grown to be the 14th largest dedicated contract carrier in North America, according to Transport Topics. 28 and 46 companies, respectively, on … Hub Group Dedicated Services will be headquartered in Mesa, Arizona. “We are extremely pleased to welcome Estenson’s drivers, employees, and customers into the Hub Group family,” said David Yeager, Hub Group Chairman and Chief Executive Officer. Bonnie Worthington . Learn to implement digital manufacturing into your supply chain, the benefits of digital manufacturing, and how to minimize the impact of economic and political changes. At the time of its formation, Hub City Terminals worked as a shipper's agent, which was an intermediary that booked intermodal transportation with railroads. Freight transportation providers responded to COVID-19 pressures heroically, becoming leaner, more... Group News Editor Jeff Berman believes that these are the stories that best summarize the wild ride... © Copyright 2021 Peerless Media LLC. Other Information Options for this carrier. “It was extremely important to me personally to find a home for us that shares those values. Innovation and sustainability in the supply chain remain key priorities for us. The business will be named Hub Group Dedicated Services and will operate as part of Hub Group Trucking, based in Oak Brook. It also would marry together two asset-owning companies: Hub ranks No. On a conference call yesterday, Hub Group Chairman and Chief Executive Office David Yeager said that over the last two years Hub has expressed its desire to make an acquisition in the dedicated space, explaining that dedicated trucking is a service that is in demand from many of its customers, particularly retail and consumer products companies, which account for more than 70% of Hub’s revenue. Get a truck driving job with Estenson Logistics. Our Services Join The Team We Specialize in Nationwide Dedicated Logistics “We built our company from the ground up and we are passionate about a superior customer experience and employee satisfaction,” said Tim Estenson. OAK BROOK, Ill., May 25, 2017 (GLOBE NEWSWIRE) -- Hub Group, Inc. (“Hub Group”) (NASDAQ:HUBG), one of the nation’s leading freight transportation management companies, announced today that its subsidiary, Hub Group Trucking, Inc., has entered into an agreement to acquire the business of Estenson Logistics, LLC (“Estenson” or the “Company”) for approximately $306 million (the “Transaction”). Carrier Information. Hub Group to acquire dedicated carrier; offers customers a more complete multi-modal solution. Maintenance Administrator at Estenson Logistics. Adobe Illustrator. (855) 565-3639 Apply . FINANCIAL DETAILSThe Transaction consideration of approximately $306 million includes approximately $17 million related to recent equipment investments. Our dedicated team of operations, logistics and site managers have over 200 years of combined experience in the trucking industry. Here at Hub Group Dedicated we are proud to say that we have the best managers this industry has to offer. Do you operate this business? The Transaction will be financed with a combination of cash, an assumption of Estenson’s secured equipment notes and borrowings under a new credit facility that will become effective as of the closing date. Updated 5/26/2017 10:31 AM OAK BROOK -- Hub Group Trucking, a subsidiary of Hub Group Inc., said it will acquire Estenson Logistics for approximately $306 … IBM. In this webcast group news editor Jeff Berman gathers our panel of parcel experts to offer their insight into what’s driving market trends and share practical advice for how logistics operations need to readjust to ever-shifting conditions—especially as e-commerce business booms and new last-mile entrants continue to work their way into regional markets to catch the rising volumes. Estenson was founded in 1999 and has grown to be the 14th largest dedicated […] Rajnesh Dalton VP Projects and Implementation at Hub Group. ESTENSON LOGISTICS LLC USDOT Number: 801828. We believe that cross-selling opportunities are in excess of $100 million in the next five years. Logistics in the News Tim Estenson CEO at Estenson Logistics. TAKE YOUR CAREER TO THE NEXT LEVEL WITH ESTENSON LOGISTICS! From strained global freight networks to rapid e-commerce growth, the logistics industry and its... 2021 Rate Outlook: Higher rates dead ahead. As a publicly traded company with nearly $3.6 billion in revenue, Hub Group’s organization of over 2,500 employees delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. Tim Estenson and Paul Truman have Approved the Acquisition of Estenson Logistics by the Hub Group 05.25.17 Estenson Logistics, a premier dedicated logistics provider has been acquired by Hub Group in an announcement made by Tim Estenson earlier today. ABOUT ESTENSON: Estenson Logistics, LLC is an asset-based carrier specializing in providing custom designed, technology driven dedicated transportation and logistics services. See more technologies. Transportation Services provided: Vans, Flatbed, Reefer, Hazmat, Intermodal HUB GROUP aka ESTENSON LOGISTICS LLC . Load Type. “Dedicated trucking will enable us to offer a more complete multi-modal solution, which we believe will resonate with our customer base. The webcast is listen only. Hosting the conference call will be Dave Yeager, Chief Executive Officer. By. Actual results or experience could differ materially from the forward-looking statements as a result of many factors, including, an acquisition’s accretive value or impact on earnings. Estenson, headquartered in Mesa, Ariz., reported revenues of $250 million last year. Arcadia Data. Prior to joining Hub, Geoff spent over 15 years in a variety of financial roles including corporate development and investment banking. When the deal is official, Estenson will be renamed as Hub Group Dedicated Services and operate as part of Hub Trucking, they added. An audio replay will be available through the investor’s link on the Company’s Web site at www.hubgroup.com. “The potential for cross-selling synergies is substantial,” he said. Get Freight Quotes from … Oak Brook, Ill.-based freight freight transportation services provider Hub Group Inc. said yesterday its subsidiary, Hub Group Trucking Inc., has entered into an agreement to acquire Estenson Logistics LLC, a Mesa, Az.-based provider of dedicated freight transportation services, for roughly $306 million. Factors that could cause actual results to differ materially include the factors listed from time to time in Hub Group's SEC reports including, but not limited to, the annual report on Form 10-K for the year ended December 31, 2016 and the quarterly report on Form 10-Q for the quarter ended March 31, 2017. A portion of the consideration will consist of the opportunity for the seller to receive up to $6 million in the event certain EBITDA targets are met for the two years following the closing. By. Delivery Location. We offer100% completely customizable logistics solutions and employ some of the finest drivers the industry has to offer. Hub Group expects the Transaction to be accretive to earnings in 2017. Hub Group assumes no liability to update any such forward-looking statements.
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