Echo Global Logistics Adds On
Echo Global Logistics Inc., a Chicago-based business process outsourcing company focused on transportation and logistics, has acquired Raytrans Distribution Services Inc., a transportation brokerage firm based in Matteson, Illinois. No financial terms were disclosed. Echo Logistics is in registration for a $100 million IPO, and had raised a $17.4 million venture round in 2006 led by New Enterprise Associates (15.4% pre-IPO ownership stake).
11 June 2009•2 mins read
