Echo Global Logistics Set to Acquire ITS Logistics in Major Deal

In a significant move within the logistics sector, Echo Global Logistics has announced its agreement to acquire ITS Logistics. This merger of two well-known names in third-party logistics aims to bolster their combined revenue to approximately $5.4 billion by 2025.

Details of the Agreement

The definitive agreement was finalized on Wednesday, with expectations that the acquisition will close by the first half of 2026, pending usual regulatory approvals. Notably, ITS Logistics will maintain its current leadership structure and customer-facing teams after the deal is completed.

Strategic Opportunity and Enhanced Offerings

Doug Waggoner, CEO of Echo Global Logistics, emphasized the strategic significance of this acquisition, stating, “This acquisition represents a meaningful strategic opportunity for Echo and our customers.” He highlighted ITS Logistics’ unique service offerings, such as drop trailer and trailer pool capabilities, which are complemented by Echo’s advanced technology and analytics capabilities. This synergy aims to enhance the value proposition for a wider range of customers.

Perspectives from ITS Logistics

Scott Pruneau, CEO of ITS Logistics, shared his enthusiasm about joining forces with Echo. He remarked, “Joining forces with Echo marks an exciting new chapter for ITS Logistics.” He added that Echo’s extensive truckload brokerage and managed transportation platform, combined with its innovative technology, will significantly elevate ITS’ service offerings, providing increased value to clients.

Growth Potential in Complex Supply Chains

In an interview with Logistics Management, Waggoner elaborated on the motivations behind the acquisition. He noted that by integrating ITS’s DropFleet drop trailer and trailer pool programs alongside its proficiency in dedicated capacity, intermodal and drayage services, Echo will better navigate the complexities of modern supply chains. He expressed confidence that the merger will position the combined company to effectively support various end markets throughout different economic cycles.

Enhanced Capabilities for North America

With Echo Global Logistics based in Chicago and ITS Logistics headquartered in Reno, Nevada, the union is expected to significantly expand their service capabilities across North America. The combination of Echo’s scalability and brokerage depth, along with ITS’s specialized asset-enabled solutions, creates a robust platform for tackling complex logistics challenges.

For more coverage of this story, visit Logistics Management.