---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-036436"
form_type: "8-K/A"
ticker: "JANL"
cik: "0001133062"
company_name: "JANEL CORP"
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T13:43:15.940950+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Janel acquires ELFS; 2020 revenue $68.9M, net income $2.93M; H1 2021 net income $1.99M

## Summary
- Audited 2020: service revenue $68.9M (down 16% from $81.5M in 2019), net income $2.93M (up 87% from $1.56M).
- Unaudited H1 2021: revenue $36.7M (+4% YoY), net income $1.99M (down 14% from $2.33M in H1 2020).
- Trucking revenue 2020: $45.9M (67% of total); air freight $8.9M; warehousing $4.2M.
- At June 30, 2021: cash $1.46M, members' equity $8.43M, line of credit zeroed; total debt $2.06M.
- ELFS is a logistics provider with offices in TX, LA, CO, OK; acquisition closed prior to this filing.

## SEC filing metadata
- accession: 0001140361-21-036436
- form_type: 8-K/A
- ticker: JANL
- cik: 0001133062
- company_name: JANEL CORP
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133062/000114036121036436/0001140361-21-036436-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133062/000114036121036436/brhc10030348_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-036436
- JSON: https://secwatch.observer/filing/0001140361-21-036436.json
- Plain text: https://secwatch.observer/filing/0001140361-21-036436.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.