J.B. Hunt Announces Acquisition of Mass Movement, Inc., Its Fourth to Expand Final Mile Services Since 2017
LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, announced today that its subsidiary, J.B. Hunt Transport, Inc., acquired the assets of Mass Movement, Inc. on November 30.
“Mass Movement presents an opportunity to expand our expertise in the final mile delivery of big and bulky products,” said John Roberts, president and CEO of J.B. Hunt. “The acquisition complements our current service and will enhance our ability to meet the growing demand of customers in the commercial health and fitness industry.”
Mass Movement has more than 20 years of experience providing logistics, delivery, assembly, and installation services for the commercial fitness industry and finished 2019 with
“Mass Movement is highly regarded among industry manufacturers and facility owners,” said Nick Hobbs, executive vice president and president of Dedicated Contract Services and Final Mile Services. “Its reputation and service quality align with ours, and we look forward to welcoming Mass Movement’s employees to the J.B. Hunt family.”
The acquisition is J.B. Hunt’s fourth since 2017 and will broaden the company’s industry-leading Final Mile Services, which operates one of the largest nationwide, commingled cross-dock operations. With 117 locations and over 3.4 million square feet of warehouse and facilities space, Final Mile has the ability to serve
The transaction was funded using cash on hand, and the law firm of Mitchell, Williams, Selig, Gates & Woodyard, PLLC served as legal advisor to J.B. Hunt.
About J.B. Hunt
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.