Core Insights - The acquisition of ITS Logistics by Echo Global Logistics will create one of the largest third-party logistics platforms in North America, with projected pro forma revenue of approximately $5.4 billion for 2025 [2]. Company Overview - ITS Logistics is recognized as one of North America's fastest-growing modern third-party logistics (3PL) providers, focusing on complex supply chain challenges and maintaining a people-first culture [5]. - Echo Global Logistics is a leading provider of technology-enabled transportation and supply chain management services, offering a wide range of freight brokerage and managed transportation solutions across various shipping modes [6]. Transaction Details - The transaction is expected to close in the first half of 2026, pending customary closing conditions and regulatory approvals [3]. - J.P. Morgan Securities LLC and Jefferies LLC served as financial advisors to ITS, while Goldman Sachs & Co. LLC and UBS Group AG acted as financial advisors to Echo [4].
ITS Logistics Signs Definitive Agreement to be Acquired by Echo Global Logistics
Globenewswire·2026-01-21 17:15