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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.
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