M&A Deal Summary

Echo Acquires Crary Industries

On April 1, 2006, Echo acquired manufacturer Crary Industries from KRG Capital Partners

Acquisition Highlights
  • This is Echo’s 1st transaction in the Manufacturing sector.
  • This is Echo’s 1st transaction in the United States.
  • This is Echo’s 1st transaction in North Dakota.

M&A Deal Summary

Date 2006-04-01
Target Crary Industries
Sector Manufacturing
Buyer(s) Echo
Sellers(s) KRG Capital Partners
Deal Type Add-on Acquisition

Target

Crary Industries

West Fargo, North Dakota, United States
Crary Industries, Inc. (Formerly TerraMarc Industries) is a manufacturer of specialty agricultural equipment that includes potato planters, harvesters and handling equipment as well as other specialty agricultural equipment including air reels, cutters for combines, chaff spreaders and big top extensions.

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Buyer(S) 1

Buyer

Echo

Chicago, Illinois, United States

Category Company
Founded 2005
Sector Transportation
Employees2,736
Revenue 2.5B USD (2020)
DESCRIPTION

Echo is a provider of technology-enabled transportation and supply chain management services. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. Echo was founded in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 17
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 17
State (North Dakota) 1 of 1
Country (United States) 1 of 17
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 SelecTrans

Chicago, Illinois, United States

SelecTrans LLC is a provider of freight management software.

Buy -

Seller(S) 1

SELLER

KRG Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 4.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

KRG Capital Partners is a private equity investment firm focused on acquiring controlling interests in middle-market companies. Prospective transaction situations include owner recapitalizations, management buyouts of private companies, mangement buyouts of corporate divisions, outright purchases, and family successions. Target companies typically generate sales of $35 to $400 million and EBITDA of $10 to $100 million. Sectors of interest include healthcare services, medical technology and life sciences; business services and distribution; construction materials and services; transportation services; marketing; specialty finance and insurance; aerospace, defense, and government services; energy services and products; and infrastructure. KRG primarily looks for opportunities located in the US and Canada but will selectively consider investments in Western Europe. KRG was formed in 1996 and is based in Denver, Colorado with additional offices in Mill Valley, California and Las Vegas, Nevada.


DEAL STATS #
Overall 14 of 41
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 8 of 21
State (North Dakota) 1 of 1
Country (United States) 14 of 40
Year (2006) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-31 Global Employment Solutions

Littleton, Colorado, United States

Global Employment Solutions, Inc. provides Information Technology and Professional staffing services in the commercial and government markets under the brands Fahrenheit IT, ITEC and Global Employment Solutions. GES employs over 1,500 professionals with office locations in 13 markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-17 Trinity Hospice

Dallas, Texas, United States

Trinity Hospice, Inc. (“Trinity”) is one of the largest hospice care providers in the United States. In contrast to traditional medical care, which is "curative" in nature, hospice care focuses on "palliative" treatment, which attempts to manage terminally ill patients physical pain in addition to addressing the emotional and spiritual needs of both the patient and their family. Trinity does not own or operate healthcare facilities, but rather focuses its resources on providing services to patients in their primary residence, which is generally the patient's home, but may also be an assisted living or skilled nursing facility.

Sell $75M