Arnold & Porter Advises JHT Holdings in Sale to TFI International
Arnold & Porter represented JHT Holdings (JHT), a leading provider of services for Class 6-8 truck manufacturers in North America, in its sale to TFI International (TFI), a multi-national company in the logistics and transportation sector.
Founded in 1933 and based in Wisconsin, JHT operates a terminal network of 25 facilities throughout the U.S. and Canada. It utilizes patented decking equipment and a network of primary and independent drivers for an innovative asset-light approach involving driving customers' new trucks to their destinations.
With annual revenues exceeding $500 million, JHT's advanced business model and regional footprint are expected to enhance TFI's position as a North American leader in transportation and logistics, and the transaction will foster growth and innovation in the industry.
The Arnold & Porter team included partners Stephen Koval, Thomas Magnani, Alan Glantz, Scott Lent, Tyler Nurnberg, Aaron Miner, Uri Horowitz, Laurie Abramowitz, and Sarah Constantine, counsel Peter Danias, Charlotte Simphal, Kerry Dziubek, Nancy Perkins, Kathryn Olson, and Douglas Pelley, senior associate Gus Weinkam, and associates Claire Frost, Jacob Saracino, Sean Corrado, Caleb Song, Laura Hsu, Sam Sullivan, and Kathryn Geoffroy.