From Home Furnishing Business
J.B. Hunt to Purchase Cory 1st Choice Home Delivery
“This is a strategic investment that will further advance our final mile delivery capabilities of ‘big and bulky’ products to consumers and expand our expertise in furniture delivery,” said John Roberts, president and CEO of J.B. Hunt.
Based in New Jersey and founded in 1934, Cory provides home delivery services of big and bulky products in the continental U.S. and U.S. territories using 14 warehouses and other customer-owned facilities. Cory utilizes more than 1,000 independent contractors, carriers and delivery drivers to complete over 2 million annual deliveries.
“Cory’s exceptional reputation for quality customer service compliments our mission to be the best final mile provider in North America,” said Nick Hobbs, EVP and president of Dedicated Contract Services at J.B. Hunt. “We are excited to welcome the employees, independent contractors, contract carriers, and customers of Cory to J.B. Hunt.”
Final Mile, a division of the company’s Dedicated Contract Services business unit, operates one of the largest nationwide, commingled cross-dock operations and has the ability to serve 100 percent of the contiguous United States. In 2017, J.B. Hunt acquired Special Logistics Dedicated, expanding its pool distribution and fulfillment delivery capabilities. With the Cory acquisition, Final Mile will grow to include 100 locations and over 3.1 million square feet of warehouse and facilities space.
Goldman Sachs & Co. LLC acted as financial advisor and Mitchell Williams served as legal advisor to J.B. Hunt.