J.B. Hunt is strengthening its presence in the large household goods last-mile marketplace, acquiring the assets of RDI Last Mile. Founded in 1987, RDI provides home delivery services of big and bulky products in the Northeast region of the U.S. RDI uses contract carriers to perform primarily furniture deliveries and generates annual revenue of $35 million.
“Growing our final mile delivery capabilities is a priority, and the acquisition of RDI further extends our expertise in furniture delivery,” said John Roberts, president and CEO of J.B. Hunt, in a press release.
“Providing our customers with a comprehensive, high-quality delivery experience drives our final mile services,” added Nick Hobbs, executive vice president and president of Dedicated Contract Services at J.B. Hunt. “RDI is a reputable furniture delivery provider, and we are excited to welcome them to J.B. Hunt.”
Final Mile Services is a division of J.B. Hunt’s Dedicated Contract Services business unit and operates one of the largest nationwide, commingled cross-dock operations with the ability to serve 100% of the contiguous United States. RDI is the company’s third acquisition in as many years. J.B. Hunt acquired Cory 1st Choice Home Delivery in 2019 and Special Logistics Dedicated in 2017. With the RDI acquisition, Final Mile Services will expand its home delivery capabilities and grow to include more than 104 locations and 3.2 million square feet of warehouse and facilities space.
The transaction was funded using J.B. Hunt’s existing revolving credit facility..