Hub Group Inc. recently acquired Forward Air Final Mile, a subsidiary of Forward Air Corporation.
FAFM provides residential final mile delivery and installation of big and bulky goods, with a focus on appliances. Through a network of independent service providers and 46 company-operated facilities, FAFM has delivery coverage throughout the continental U.S. FAFM adds appliance delivery and installation capability to Hub Group’s Final Mile offering, enabling growth through cross-selling to Hub Group’s customer base.
“We are excited to welcome the FAFM team, customers, and independent service providers into the Hub Group family,” said Hub Group CEO Phil Yeager. “This acquisition aligns with our long-term investment strategy and enables our goal of providing the premier supply chain solution. Our cultural alignment with FAFM, increased scale, and complementary offerings will lead to enhanced value for our customers and long-term growth for our team.”
In conjunction with the acquisition, Hub Group granted contingent compensation to the senior management team of FAFM to incentivize their retention and drive continued growth in Hub Group’s Final Mile services. The combined businesses will operate under the Hub Group Final Mile brand.
“The FAFM team is excited to join Hub Group,” said Scott Robider, senior VP of FAFM. “FAFM and Hub Group share similar values and goals: striving to be the logistics provider of choice through reliability, integrity, and innovation. We believe Hub Group’s middle-mile and final-mile expertise, combined with our unique appliance-delivery capabilities, will unlock significant value for our combined customers. Through this combination, we expect to accelerate our growth versus what we have each done individually in the past.”
