The Jordan Company

Private ownership would allow Echo to accelerate M&A and technology investments.

Both reports see debt levels rising initially but with a steady move toward a more reasonable level of coverage.

Freight broker Echo Global Logistics reports better-than-expected third-quarter results in what is likely its last public quarterly report.

Private equity takeout allows Echo Global Logistics’ equity value to rise to that of its peers. Management believes its new affiliation with deeper pockets opens up bigger M&A opportunities.

The new owners of Echo have portfolio investments in several other logistics companies.

“TJC has proven success partnering with companies in our industry, and their international expertise will provide a distinct advantage for sustained organic growth and future acquisitions around the world,” said AIT’s president and CEO.

Outsourced supply chain solutions provider Capstone Logistics has been acquired by former owner H.I.G. Capital.

GlobalTranz more than doubled EBITDA in less than a year.

Circle 8 is GlobalTranz’s ninth acquisition since January 2017.

Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.

We spoke to GlobalTranz’s outgoing CEO Bob Farrell and new CEO Renee Krug about the transition in leadership and the marketplace for mergers and acquisitions in the 3PL space going forward into 2019.

Logistical Labs COO speaks on the elevation of the company to #25 on Freight.Tec via pricing portal LoadDex.

Capstone Logistics, which has historically focused on warehouse management services and distribution center efficiency, bought LoadDelivered, the Chicago-based brokerage, and Logistical Labs, its SaaS spinoff.

The Jordan Company has agreed to buy the 3PL GlobalTranz for a reported $400M. GlobalTranz reported $151M in net revenue in 2017.