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BRIEF-J.B. Hunt Transport Services expands e-commerce delivery platform with the acquisition of special Logistics Dedicated LLC
July 21, 2017 / 11:55 AM / 2 months ago

BRIEF-J.B. Hunt Transport Services expands e-commerce delivery platform with the acquisition of special Logistics Dedicated LLC

July 21 (Reuters) - J B Hunt Transport Services Inc

* J.B. Hunt Transport Services, Inc. expands e-commerce delivery platform with the acquisition of special Logistics Dedicated, LLC

* J B Hunt Transport Services Inc - ‍expects transaction to be immaterial to 2017 operating results and accretive in 2018​

* J B Hunt Transport Services Inc - ‍purchase price is $136 million​

* J B Hunt Transport Services Inc - ‍Transaction is not expected to have a significant impact on interest expense​

* J B Hunt Transport - ‍Anticipates using existing revolving credit facility to finance transaction and to provide liquidity for future operations​

* J B Hunt Transport Services Inc - ‍Preliminary valuations indicate an incremental amortization expense between $7 million and $10 million annually from deal​ Source text for Eikon: Further company coverage:

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