Forwarders eye growth via M&A as deal activity builds
M&A is expected to increase among the fragmented forwarding sector this year, with several companies ...
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By Alex Lennane
Echo Global Logistics has been acquired by private equity firm The Jordan Company for an equity value of about $1.3bn. The move will see Echo, listed on Nasdaq, become private again. The transaction, expected to close in the fourth quarter, was unanimously approved by Echo’s board.
The Jordan Company also owns AIT, Capstone, Odyssey and Transimpact in the transport and logistics field and also has investments in consumer & healthcare and industrial companies.
You can read Echo’s press release here, or go over to Loadstar Premium for more details on the deal.
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