M&A Deal Summary

Echo Acquires Fastmore Logistics

On November 3, 2022, Echo acquired transportation company Fastmore Logistics

Acquisition Highlights
  • This is Echo’s 14th transaction in the Transportation sector.
  • This is Echo’s 17th transaction in the United States.
  • This is Echo’s 5th transaction in Illinois.

M&A Deal Summary
Date 2022-11-03
Target Fastmore Logistics
Sector Transportation
Buyer(s) Echo
Deal Type Add-on Acquisition
Advisor(s) Republic Partners LLC (Financial)
Freeborn (Legal)

Target

Fastmore Logistics

Schaumburg, Illinois, United States
Fastmore Logistics is a provider of logistics services through collaboration, transparency and technology. Fastmore Logistics was founded in 2005 and is based in Schaumburg, Illinois.

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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 17 of 17
Sector (Transportation) 14 of 14
Type (Add-on Acquisition) 17 of 17
State (Illinois) 5 of 5
Country (United States) 17 of 17
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-05 Roadtex Transportation

Somerset, New Jersey, United States

Roadtex Transportation is a provider of integrated temperature-controlled supply chain solutions to the confectionery, food, nutrition, and pharmaceutical mass retailer end markets. Roadtex Transportation was founded in 1992 and is based in Somerset, New Jersey.

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