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M&A Deal Summary

JB Hunt Acquires BNSF - Brokerage Operations

On September 14, 2023, JB Hunt acquired transportation company BNSF - Brokerage Operations from BNSF

Acquisition Highlights
  • This is JB Hunt’s 6th transaction in the Transportation sector.
  • This is JB Hunt’s 6th transaction in the United States.
  • This is JB Hunt’s 2nd transaction in Texas.

M&A Deal Summary
Date 2023-09-14
Target BNSF - Brokerage Operations
Sector Transportation
Buyer(s) JB Hunt
Sellers(s) BNSF
Deal Type Divestiture

Target

BNSF - Brokerage Operations

Fort Worth, Texas, United States
BNSF's Brokerage Operations provides third-party logistics services.

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Buyer(S) 1

Buyer

JB Hunt

Lowell, Arkansas, United States
Category Company
Founded 1961
Sector Transportation
Employees33,646
Revenue 12.1B USD (2024)
DESCRIPTION
Entrance to J.B. Hunt's corporate headquarters in Lowell, Arkansas.
Entrance to J.B. Hunt's corporate headquarters in Lowell, Arkansas.

JB Hunt is a provider of transportation services to a diverse group of customers throughout the continental United States, Canada and Mexico. JB Hunt was formed in 1961 and is based in Lowell, Arkansas.

DEAL STATS #
Overall 6 of 6
Sector: Transportation M&A 6 of 6
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 6 of 6
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Zenith Global Logistics

Conover, North Carolina, United States

Zenith Global Logistics is a specialized supply chain solutions provider, offering the home furnishings industry the control of an asset-based network to move products with greater efficiency, less damage, and a single source of visibility. Zenith Global Logistics is based in Conover, North Carolina.

Buy $87M

Seller(S) 1

SELLER

BNSF

Fort Worth, Texas, United States
Category Company
Sector Transportation
Employees43,000
Revenue 20.2B USD (2020)
DESCRIPTION
BNSF's corporate headquarters in Fort Worth, Texas.
BNSF's corporate headquarters in Fort Worth, Texas.

BNSF is engaged primarily in the freight rail transportation business. The rail operations of BNSF Railway, BNSF’s principal operating subsidiary, comprise one of the largest railroad systems in North America.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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