J.B. Hunt Transport Services Inc., one of the largest trucking companies and providers of supply chain services in North America, announced Friday it agreed to acquire Special Logistics Dedicated LLC. The purchase price is $136 million with no assumption of debt.
“SLD’s strong customer base and strategically placed fulfillment centers position us as a top national pool distribution services provider,” says John Roberts, president and CEO of J.B. Hunt. “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.”
J.B. Hunt says it will use its existing credit facility to finance the transaction.
Houston-based SLD provides pool distribution services—orders delivered to multiple sites—across North America via 14 terminals and fulfillment centers and a fleet of over 850 vehicles. Services include transportation at both dedicated and multi-use sites, cross-docking and contract logistics, and less-than-truckload product consolidation.
J.B. Hunt reported $6.56 billion in total sales for the 2016 fiscal year ended Dec. 31, up 6.0% from $6.19 billion in the previous year.
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