J.B. Hunt Buys Cory 1st Choice Home Delivery For $100 Million

Lowell-based carrier J.B. Hunt Transport Services has reached a deal to purchase New Jersey-based carrier Cory 1st Choice Home Delivery for $100 million as the company continues to invest into final mile delivery of bulky items. J.B. Hunt announced Wednesday (Jan. 9) the deal would be paid for using the company’s existing revolving credit facility.

“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.

Founded in 1934, Cory provides home delivery of big and bulky items across the United States and U.S. territories using 14 warehouses and other customer-owned facilities. Cory has more than 1,000 independent contractors, carriers and delivery drivers, and completes more than 2 million deliveries annually.     MORE

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