How much did Command Transportation sell for?
Echo Global Logistics Inc. agreed to buy brokerage firm Command Transportation for approximately $420 million to expand the buyer’s non-asset-based capabilities for truckload customers.
Who bought Echo logistics?
The Jordan Company
Chicago-based third-party logistics and technology-enabled transportation services provider Echo Global Logistics announced late last week it has entered into a definitive agreement to be acquired by global private equity firm The Jordan Company for $48.25 per share, with an equity value of roughly $1.3 billion.
How many customers does echo logistics have?
35,000 clients
Echo uses its network of over 50,000 transportation providers to serve its 35,000 clients. These clients operate across a range of industries, and include many well-known brands like Molson Coors, Dave & Buster’s, Newell Brands and more.
What is Echo transportation?
As a full-service ground transportation and logistics management leader, ECHO AFC spans the entire state of Texas and Florida – operating over 300 vehicles in five locations throughout the state of Texas and Florida, including Jacksonville, Florida, and Dallas, Houston and Baytown, Texas.
What is the company called Echo?
For five decades, ECHO has been a worldwide leader in the development and manufacturing of professional-grade, hand-held outdoor power equipment for both the commercial and homeowner markets. Today, the company sells its products in North America through eight distributors managing 6,600 independent dealers.
Is there a company called Echo?
What are global logistics?
Global logistics involves the movement of goods—by truck, train, ship, or plane—as well as preparation, packaging and storage of goods in distribution centers and other logistics real estate facilities.
Is Echo owned by Stihl?
Fighting out of the blue corner is Echo, a company owned and run by the Yamabiko Corporation in Japan. Echo is a well-established brand, and the company has been operating for more than four decades….Product Range.
| Products | Echo | Stihl |
|---|---|---|
| Battery | 3 Models | 6 Models |
How much did command transportation cost?
Echo Global Logistics Inc. agreed to buy brokerage firm Command Transportation for approximately $420 million to expand the buyer’s non-asset-based capabilities for truckload customers. Command, which is No. 8 on The Transport Topics list of the Top 25 brokers, had $560 million in revenue last year.
Did Echo Global Logistics acquire command?
CHICAGO, IL– (Marketwired – Jun 1, 2015) – Echo Global Logistics, Inc. ( NASDAQ: ECHO) (“Echo” or the “Company”) today announced it has completed the previously announced acquisition of Command Transportation, LLC (“Command”). Command now operates as a wholly owned subsidiary of Echo.
How much did echo cost to buy command?
Chicago-based Echo, which is twice as large by revenue as Command, said $25 million of the purchase price will be paid in stock. Echo said it has arranged as much as $500 million with Morgan Stanley, Credit Suisse and PNC to pay for the purchase.