Echo Global Logistics announced it has signed a definitive agreement to acquire ITS Logistics, a Reno, Nevada-based third-party logistics provider known for its drop-trailer and trailer-pool program, DropFleet, and capabilities spanning dedicated capacity, intermodal and drayage, freight security, omnichannel fulfillment, and sustainability-focused transportation strategies.
The companies said the combination would create a larger transportation and logistics platform with pro forma 2025 revenue of about $5.4 billion, adding scale for Echo while accelerating ITS’s solutions through Echo’s technology platform. Echo said its automation, machine learning, and AI-driven tools support functions such as pricing, capacity sourcing, shipment execution, and exception management, and that extending those capabilities into ITS’s trailer pool and dedicated operations should improve network optimization, speed of response, and real-time visibility.
ITS will continue operating with its existing leadership team and customer-facing structure, according to the release, while gaining access to Echo’s technology platform, carrier network, and enterprise commercial capabilities. The transaction is expected to close in the first half of 2026, subject to customary closing conditions and regulatory approvals.
Support: Goldman Sachs served as lead financial advisor and UBS Group AG served as financial advisor to Echo, with Kirkland & Ellis acting as Echo’s legal counsel. J.P. Morgan Securities served as lead financial advisor and Jefferies served as financial advisor to ITS, with Weil, Gotshal & Manges serving as ITS’s legal counsel.
KEY QUOTES:
“This acquisition represents a meaningful strategic opportunity for Echo and our customers. ITS has built a highly differentiated set of solutions, including drop trailer and trailer pool capabilities, backed by best-in-class execution that delivers reliability and flexibility across complex networks. By applying Echo’s proprietary technology, advanced analytics, and growing AI capabilities to the ITS solution set, we will strengthen our value proposition for a broader range of customers.”
Doug Waggoner, Chief Executive Officer, Echo Global Logistics
“Joining forces with Echo marks an exciting new chapter for 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. Together, we will be well equipped to help customers navigate the increasing complexity of today’s supply chain, offering smarter, more connected execution and powerful solutions that drive results.”
Scott Pruneau, Chief Executive Officer, ITS Logistics
