Echo Global Logistics acquired by PE firm The Jordan Company

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© Adonis1969

By Alex Lennane

10/09/2021

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.

You can read Echo’s press release here, or go over to Loadstar Premium for more details on the deal.

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Topics

Echo Global Logistics M&A private equity The Jordan Company DB Schenker Deutsche Bahn financial results

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