Reports suggest Apollo eyes Ryder System – stock surges
Second time lucky? Market reports sourced from Bloomberg suggest US-based trucking firm Ryder System has attracted interest ...
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.