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JB Hunt Buys Special Logistics Dedicated LLC for $136M

1 min read

Publicly traded logistics company J.B. Hunt Transport Services Inc. of Lowell said Friday that it has agreed to buy Special Logistics Dedicated LLC of Houston for $136 million.

In a news release, the company said the move will expand its e-commerce delivery platform.

“SLD’s strong customer base and strategically placed fulfillment centers position us as a top national pool distribution services provider,” John Roberts, J.B. Hunt’s president and CEO, said in a news release. “This acquisition will also allow our customers to deploy ‘big and bulky’ inventories into key markets, improving order fulfillment times for Final Mile deliveries and further enhancing our e-commerce delivery capabilities. We are excited to welcome the employees, customers, and carriers of SLD to J.B. Hunt.”

There is no assumption of debt in the deal, and J.B. Hunt said it will use its existing revolving credit facility to finance this transaction “and to provide liquidity for future operations.” The company expects the deal to be immaterial to 2017 operating results and accretive in 2018.

SLD provides pool distribution services throughout North America using 14 terminals and fulfillment centers and a fleet of more than 850 pieces of equipment. Services include dedicated transportation at both dedicated and multi-use sites; cross-docking and contract logistics; less-than-truckload product consolidation; commingled pool distribution; and a Texas-based intrastate 57′ dry van highway service.

Earlier this week, J.B. Hunt posted second-quarter net income of $97.9 million, down nearly 7 percent from the same quarter last year.

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