ADL Final Mile acquires Henry Industries

RD Last Mile Holdings, LLC ("ADL Final Mile"), a final mile delivery company headquartered in Omaha, NE, has acquired Henry Industries, Inc. ("Henry Industries" d/b/a Henry Freight Solutions), a leading provider of customized and final mile logistics services in the states of Illinois, Missouri, Kansas, Arkansas, Oklahoma, and Texas. Henry Industries is ADL Final Mile's fourth acquisition.

"Henry Industries is another great addition to the ADL Final Mile network, both strategically and culturally, as we continue executing our strategy of expanding and densifying across the Midwest and South-Central U.S.," said Monte O'Hara, Chief Executive Officer of ADL Final Mile. He continued, "Henry Industries will leverage our existing infrastructure in Missouri and Kansas and expand our services for both our new and existing customers."

Cathy Taylor, President of ADL Final Mile's Midwest Region, stated, "We are fortunate to have Henry Industries' executive leadership team, Breck Nickell, Eric Dexter, and Kristian Carter, join the ADL Final Mile family." She further commented, "It is evident they share ADL Final Mile's commitment to high quality service and putting customers first, and we are excited for them to help accelerate our continued expansion in the region."

Breck Nickell, President of Henry Industries, commented, "We have known Monte and the ADL Final Mile team for many years, and it is comforting to know they share our core values and business priorities, giving us confidence Henry Industries' employees and customers will continue to be in good hands." Nickell added, "We are excited to join the ADL Final Mile network and look forward to contributing to the future success of our combined platform."

ADL Final Mile intends to be the partner of choice for final mile delivery and logistics entrepreneurs seeking growth capital or to transition their businesses. ADL Final Mile partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Monroe Capital LLC and Tom Pritzker's family business interests (advised by The Pritzker Organization), has equity capital available to fund the platform's future acquisitions. Monroe Capital also provides debt financing for ADL Final Mile. ADL Final Mile has significant growth capital at its disposal and is actively seeking acquisitions and development opportunities.