Echo Global Agrees To Acquire Command Transportation For $420 Mln - Quick Facts

(RTTNews) - Echo Global Logistics (ECHO) said it has entered into a definitive agreement to acquire Command Transportation, LLC, one of the largest privately held truckload brokers and non-asset based transportation providers in the U.S., for approximately $420 million, subject to post-closing adjustments for working capital and cash.

Of the purchase price, $25 million will be paid in the form of Echo common and restricted stock.

The transaction is expected to close in the second quarter of 2015. Echo expects that the deal will be accretive to earnings per share.

Command had 2014 revenue of $561 million and ranked #8 on Transport Topics' Top 25 Brokerages in 2015. Command is headquartered in Skokie, Illinois, with satellite locations in Houston, St. Louis, and Kansas City.

The transaction is expected to create a leading provider of technology-enabled transportation management solutions with enhanced scale in the truckload market.