Money Makers Mentor

J.B. Hunt Acquires Mass Movement Inc.

J.B. Hunt (NASDAQ: JBHT) announced on Monday Nov. 30 that it will acquire the assets of travel logistics company Mass Movement. J.B. Hunt Transport Inc. is a subsidiary of J.B. Hunt Transport Services, Inc. The deal was completed using cash on hand and the law firm of Mitchell, Williams, Selig, Gates & Woodyard, PLLC served as legal advisor to J.B. Hunt. Mass Movement’s founders Dom Simonetti and Jim Sullivan will continue their leadership roles as employees of J.B. Hunt.

This acquisition will help J.B. Hunt to expand “final-mile offerings” and is the company’s fourth acquisition since 2017. The Lowell, Arkansas based company already has 117 locations and more than 3.4 million square feet of warehouse and facility space. This space is designed to support final-mile operations.

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