Much Shelist represented Command Transportation, LLC, in the company’s recent sale to Echo Global Logistics.
Echo acquired all of Command’s outstanding membership units for approximately $420 million.
The deal will help the companies expand their business presence, as they will become, collectively, a leading supplier of technology-enabled transportation and supply-chain management services. They also will attain enhanced scale in the truckload market.
Command Transportation is based in Skokie, Illinois, and is one of the largest non-asset-based transportation-service solutions providers and privately held truckload brokers in the nation.
Echo Global Logistics, based in Chicago, is a top supplier of supply-chain management services and technology-enabled transportation.
In 2014, the companies had combined revenue of $1.73 billion. This new transaction will make Command a subsidiary of Echo. The combined company will remain in the Chicago area.
Steven DeGraff, a principal in Much Shelist's business and finance practice group, said he estimates the transaction will close during the second quarter of 2015. Much Shelist has approximately 30 attorneys practicing in its business and finance department. The firm provides transactional, counseling, and litigation services for a variety of corporate clients, whether they’re private equity funds, technology start-ups, privately held businesses or public companies.