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New Deal


Announced

J.B. Hunt Transport Services to acquire Freight Lines from Bassett for $87m.

Financials

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Transaction Value£65m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Single Bidder

Majority

furniture

Specialty Retailers

United States

Pending

Friendly

Acquisition

Domestic

Synopsis

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J.B. Hunt Transport Services, a supply chain solutions providers, agreed to acquire Freight Lines, a manufacturer and marketer of high-quality home furnishings, from Bassett, a furniture manufacturer and retailer, for $87m. “This investment enhances J.B. Hunt’s furniture delivery capabilities by expanding our nationwide, end- to-end supply chain solution for our customers, and we look forward to establishing a long-term connection with Bassett, a manufacturer and retailer of high-quality home furnishings and a leader in the industry,” John Roberts, J.B. Hunt President and CEO.

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