Deal Snapshot
JB HUNT TRANSPORT SERVICES EXPANDS FINAL MILE DELIVERY SERVICES WITH CORY 1ST CHOICE ACQUISITION
Friday 11 January 2019

US-based trucking company J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) has entered into a definitive agreement to purchase US-based home delivery services provider Cory 1st Choice Home Delivery for USD 100m, the company said.
This is to be funded using J.B. Hunt's existing revolving credit facility. Based in New Jersey and founded in 1934, Cory provides home delivery services of big and bulky products in the continental United States and US territories using 14 warehouses and other customer-owned facilities.


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Details
Date Published: 11/01/2019
Target: Cory 1st Choice Home Delivery
Country: USA
Deal Size: 100m (USD)
Sector: Road Transport/Freight Transport
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: J.B. Hunt Transport Services
Buyer Advisor: Goldman Sachs and Co , Mitchell Williams
Comment:


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