JB Hunt Acquired Mass Movement
“Mass Movement presents an opportunity to expand our expertise in the final mile delivery of big and bulky products,” said John Roberts, president and chief executive of J.B. Hunt, in a news release. “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.”
J.B. Hunt Transport Services subsidiary J.B. Hunt Transport Inc. acquired the assets of Mass Movement Inc. on Nov. 30. The transaction was funded using cash on hand.
About Mass Movement
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 $29 million of revenue. Founded by Dom Simonetti and Jim Sullivan in 1996, the company has delivered more than 2 million pieces of equipment to more than 3,500 fitness centers throughout North America. Both founders will become employees of J.B. Hunt and will continue in leadership roles as the company expands its fitness equipment delivery business.
The acquisition is J.B. Hunt’s fourth since 2017 and will broaden the company’s Final Mile Services, which operates one of the largest nationwide, commingled cross-dock operations, according to the company. With 117 locations and more than 3.4 million square feet of warehouse and facilities space, Final Mile has the ability to serve all 48 contiguous United States.
In 2019, J.B. Hunt acquired the assets of RDI Last Mile Co. and Cory First Choice Home Delivery. The company also purchased Special Logistics Dedicated in 2017.
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.