J.B. Hunt Closes on $100M Acquisition of Cory 1st - Southern Business Review

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Tuesday, February 19, 2019

J.B. Hunt Closes on $100M Acquisition of Cory 1st

by Lance Turner  on Tuesday, Feb. 19, 2019 10:35 am   1 min read


(J.B. Hunt Transport)





J.B. Hunt Transport Services Inc. of Lowell announced Tuesday that it has completed its acquisition of Cory 1st Choice Home Delivery. 


The $100 million deal, announced Jan. 9, closed on Friday.


"Cory's customer-first mentality and focus on the consumer experience have made it one of the best in the furniture business," said Nick Hobbs, executive vice president and president of Dedicated Contract Services at J.B. Hunt. "Those values very much align with ours, and we are proud to welcome Cory to the J.B. Hunt family."


The company said Cory's home delivery services will be integrated with J.B. Hunt Final Mile Services, a division Hunt's Dedicated Contract Services business unit. 


"Final Mile operates one of the largest nationwide, commingled cross-dock operations and has the ability to serve 100 percent of the contiguous United States," the company said in a news release. "With the Cory acquisition, Final Mile has grown to include 100 locations and over 3.1 million square feet of warehouse and facilities space."

Founded in 1934, Cory provides home delivery services of big and bulky products — items like appliances — in the continental U.S. and U.S. territories. Cory uses more than 1,000 independent contractors, carriers and delivery drivers to complete more than 2 million annual deliveries, the company said.