J.B. Hunt Transport, Inc. has acquired an Massachusetts-based commercial fitness logistics company to bolster its Final Mile Services division.
On Monday, Nov. 30, J.B. Hunt Transport acquired Mass Movement Inc.’s assets. The Lowell-based transportation company used cash on hand to purchase the fitness equipment delivery business. However, the financial terms for the acquisition were not disclosed.
“Mass Movement presents an opportunity to expand our expertise in the final mile delivery of big and bulky products,” J.B. Hunt president and CEO John Roberts said in a statement. “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.”
Founded in 1996 by Dom Simonetti and Jim Sullivan, Mass Movement specializes in “freight, warehousing, assembly, testing, and installation” for the commercial fitness industry, according to its website. Some of Mass Movement’s clients reportedly include the White House, the Pentagon, Nike and Apple.
Both Simonetti and Sullivan will join J.B. Hunt, according to a news release, and serve in leadership roles to expand its fitness equipment delivery capabilities.
Mass Movement reported revenue of $29 million for 2019. In 2019, J.B. Hunt earned $9.165 billion in revenue while netting $516.32 in income for the year.
This marks the fourth acquisition targeted toward expanding J.B. Hunt’s Final Mile Services. The company acquired Special Logistics Dedicated in 2017 and purchased both RDI Last Mile Co. and Cory 1st Choice Home Delivery in 2019.
The terms for the RDI Last Mile Co. acquisition were not disclosed, but the Cory 1st Choice Home Delivery purchase was for $100 million. The Special Logistics Dedicated acquisition totaled $136 million for J.B. Hunt.
“Mass Movement is highly regarded among industry manufacturers and facility owners,” Nick Hobbs, executive vice president and president of Dedicated Contract Services and Final Mile Services, said. “Its reputation and service quality align with ours, and we look forward to welcoming Mass Movement’s employees to the J.B. Hunt family.”
Mitchell, Williams, Selig, Gates & Woodyard, PLLC served as legal advisors to J.B. Hunt for the transaction.