Echo Global Logistics Acquires ITS Logistics, Creating $5.4B Combined Entity (ECHO)

Echo Global Logistics has agreed to acquire ITS Logistics, forming a combined company with pro forma 2025 revenue of $5.4 billion. The deal unites Echo’s technology-driven platform with ITS’s specialized asset-light and asset-based logistics solutions, enhancing scale and service breadth across North America. ITS, generating over $1.3 billion in 2025 revenue, ranks as the No. 18 asset-light freight broker and No. 12 intermodal provider in North America. Headquartered in Reno, Nevada, it employs more than 1,200 people, including 550 at its Reno hub, and operates 4 million square feet of warehouse space. Its offerings include drop trailer programs, omnichannel fulfillment, and AI-powered supply chain tools like ITS Engage. “This acquisition strengthens our value proposition,” said Doug Waggoner, CEO of Echo. “By applying Echo’s AI and analytics to ITS’s differentiated solutions, we expand capabilities for customers.” Scott Pruneau, CEO of ITS, will retain leadership post-close. The transaction, expected to close in H1 2026, follows Echo’s acquisition-rich growth strategy, including past buys of Command Transportation and Roadtex. Goldman Sachs, UBS, J.P. Morgan, and Jefferies advised on the deal.