CMA CGM beats rivals to pick the Big Apple
After Macron came to call?
US truck brokerage firm Echo Global Logistics is the latest transport & logistics asset to be targeted by private equity (PE) after it announced today that its board had accepted a $1.3bn all-cash offer from PE house The Jordan Company (TJC).
Which is rich, but rich enough to actually represent a blown-out proposal?
For one thing, on a trailing 2020 clean EV/ebitda basis, Echo is valued at around 19x pre-synergies (down to 16.4x, based on EV/adjusted ebitda), but that multiple falls to ...