Echo Global Logistics Inc. has completed its previously announced $420 million acquisition of Command Transportation, combining two of the eight largest freight brokerage firms in North America.
Command now operates as a subsidiary of Echo.
“As a combined company, we can provide our clients with an expanded truckload expertise and carrier network,” Echo CEO Doug Waggoner said in the June 1 announcement.
The company also said Command CEO Paul Loeb will be appointed to Echo’s board of directors, which will be expanded to seven members.
Command, based in Skokie, Illinois, ranks No. 8 on Transport Topics’ list of the largest freight brokers in North America based on net revenue.
Chicago-based Echo ranks No. 6 on the brokerage list on No. 45 on the TT Logistics 50 list of the industry’s biggest third-party logistics providers.
“This transaction is about growth for our company, our clients and our people,” Waggoner added. “We have a deep bench of leadership across Echo and Command, and we are committed to continued operational excellence as we work through the integration process.”