Chicago-based Echo Global Logistics has reached an agreement to acquire ITS Logistics, a third-party logistics provider, headquartered in Reno, Nevada.
The deal, which is slated for completion in the first half of 2026 subject to regulatory and customary closing approvals, would create a transport and logistics provider with pro forma revenue of c. US$5.4bn (£3.95bn) in 2025.
“This acquisition represents a meaningful strategic opportunity for Echo and our customers,” said Doug Waggoner, chief executive officer at Echo, a provider of technology-enabled transportation and supply chain management services.
The integration of Echo’s technology such as automation, machine learning, and artificial intelligence into the ITS solution is expected to improve network optimisation, speed of response and real-time insight across trailer pool and dedicated operations, the company said.
“Joining forces with Echo marks an exciting new chapter for ITS Logistics,” commented Scott Pruneau, CEO, ITS Logistics. “Echo’s truckload brokerage scale, managed transportation platform, strong cross-border capabilities, and broad multimodal offering — combined with its technology platform and AI-driven innovation — will enable us to elevate our service offerings and provide enhanced value to our customers.”
ITS Logistics will continue operating under its existing leadership team and customer-facing structure.
Goldman Sachs & Co. acted as lead financial adviser and UBS Group acted as financial adviser to Echo on the transaction, while J.P. Morgan Securities acted as lead financial adviser, and Jefferies acted as financial adviser to ITS.
Weil, Gotshal & Manges LLP acted as legal counsel to ITS, with Kirkland & Ellis LLP serving as legal adviser to Echo on the transaction.
IntraLogisteX
is moving to Dallas in 2026, bringing the industry’s leading trade show & conference to one of North America’s most important logistics hubs. The event creates a focused environment for supply chain and manufacturing professionals to share ideas, discover solutions, and drive greater efficiency, agility, scalability, and accuracy.
