Taking steps to expand its e-commerce delivery platform, trucking and intermodal services bellwether J.B. Hunt (JBH) recently announced it plans to acquire Special Logistics Dedicated LLC (SLD) for $136 million, with the deal subject to customary closing conditions.
Houston-based SLD is a provider of pool distribution services in North America, with 14 terminals and fulfillment centers and a fleet comprised of more than 850 pieces of equipment, according to JBH. SLD provides various services, including: dedicated transportation at both dedicated and multi-use sites; cross-docking and contract logistics; less-than-truckload product consolidation; commingled pool distribution; and a Texas-based intrastate 57’ dry van highway service.
“SLD’s strong customer base and strategically placed fulfillment centers position us as a top national pool distribution services provider,” said John Roberts, president and CEO of J.B. Hunt, in a statement. “This acquisition will also allow our customers to deploy ‘big and bulky’ inventories into key markets, improving order fulfillment times for Final Mile deliveries and further enhancing our e-commerce delivery capabilities. We are excited to welcome the employees, customers, and carriers of SLD to J.B. Hunt.”
Robert W. Baird and Co. analyst Ben Hartford wrote in a research note that bringing SLD into the fold is expected to improve Hunt’s handling of big and bulky shipments and fulfillment times for final mile deliveries.
“We view the deal to be a small, but logical and complementary expansion of JBHT's existing e-commerce/final mile delivery solutions and consistent with their previously expressed acquisition strategy,” wrote Hartford.
This deal in some respects serves as the most recent example of large carriers building out their final, or last, mile segments through acquisition or the introduction of it as a new service offering.
Some examples of this include: