Eversheds Sutherland Advises GEODIS in Cross-Border Acquisition of Need it Now Delivers

Eversheds Sutherland is pleased to announce that it advised client GEODIS, a world leader in transport and logistics headquartered in France, on entering into an agreement to acquire the US-based logistics company Need It Now Delivers, which is partly owned by private equity fund Palm Beach Capital. The acquisition will enable GEODIS to significantly increase its presence in the United States in the areas of contract logistics, supply chain optimization and last-mile delivery, and will consolidate GEODIS's position as one of the world's ten leading logistics providers.

As a worldwide transport and logistics leader, GEODIS employs more than 44,000 people worldwide, with a global network spanning nearly 170 countries and top business rankings: no. 1 in France and no. 7 worldwide. Need It Now Delivers operates a domestic road freight network with more than 65 company locations and 300 additional distribution points throughout the United States, enabling it to provide complete port-to-door solutions including multi-channel logistics and final mile delivery. With headquarters in New Jersey and over 2,000 employees, Need it Now Delivers is expected to reach revenues close to $750 million in 2022.

Subject to regulatory review and approvals, the transaction is expected to close by the end of 2022. Once the transaction is completed, the GEODIS group will employ roughly 15,000 people across more than 200 locations in the US and exceeding 17,000 in the Americas.

Eversheds Sutherland Partner Michael Gurion led team in this transaction, which included assistance from Partners Michael A. Hepburn, M. Hill Jeffries, Wes Sheumaker, and Jenny Worthy, Counsel Hunter D. Raines and Laura Taylor, and Associates Frank Comparetto III, Jazmen B. Howard, Deepa S. Menon, Caitlin G. Naylor, Warren Smith and Danielle Vega, among others.

About Eversheds Sutherland’s Corporate Practice
With more than 700 attorneys worldwide, Eversheds Sutherland’s global mergers and acquisitions team provides pragmatic advice and comprehensive support that enables clients to evaluate, structure and complete transactions across a broad spectrum of industries.

The team combines decades of experience with in-depth knowledge of local and cross-border practices. Wherever the transaction is led from, we provide a seamless and integrated worldwide service.

Our attorneys are well versed in the unique requirements of mergers, tender offers, stock and asset acquisitions, corporate restructurings, spin-offs, recapitalizations and other deal structures. We negotiate and establish alliances, joint ventures and other partnering relationships. In addition, we develop innovative approaches to implement other tailored commercial relationships.

Our global M&A team advises clients across a broad range of sectors including financial services, insurance, payment systems, technology, communications, energy, industrials, consumer products, professional services, health care and e-commerce. We understand regulatory frameworks and the impact on transactions of the key issues that affect your business. This in-depth sector knowledge allows us to add real value to the M&A process.

About Eversheds Sutherland 
As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 79 of the Fortune 100, 65 of the FTSE 100 and 134 of the Fortune 200.

With more than 3,000 lawyers, Eversheds Sutherland operates in over 70 offices in more than 30 countries across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe.

Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labor law; intellectual property; real estate and construction; and tax. 

Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. The use of the name Eversheds Sutherland is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. For more information, visit eversheds-sutherland.com.