Executive Briefings

Echo Global Logistics to Acquire Command Transportation

Echo Global Logistics has entered into an agreement to acquire Command Transportation LLC, a privately held truckload broker and non-asset-based transportation provider in the U.S.

The approximate purchase price is $420m, $25m of which will be paid in the form of Echo common and restricted stock. The deal "will create a leading provider of technology-enabled transportation-management solutions with enhanced scale in the TL market," the parties said. In 2014, Echo and Command had combined revenue of more than $1.7bn. Upon completion of the transaction, the combined company will have more than 1,680 sales representatives in 34 offices across the U.S., as well as a broad nationwide network of truckload carriers.

Read Full Article

The approximate purchase price is $420m, $25m of which will be paid in the form of Echo common and restricted stock. The deal "will create a leading provider of technology-enabled transportation-management solutions with enhanced scale in the TL market," the parties said. In 2014, Echo and Command had combined revenue of more than $1.7bn. Upon completion of the transaction, the combined company will have more than 1,680 sales representatives in 34 offices across the U.S., as well as a broad nationwide network of truckload carriers.

Read Full Article