M&A Summary

Echo Global Logistics acquires Purple Plum Logistics

Echo Global Logistics, Inc. has acquired all of the assets of Purple Plum Logistics, LLC (Purple Plum), a truckload transportation brokerage located in Wakefield, Massachusetts. Effective immediately, Purple Plum will begin doing business as Echo Global Logistics, Inc.
Founded in July 2008 by Sam Freni, Purple Plum is a non-asset service provider that specializes in temperature-controlled truckload solutions. With this acquisition, Echo is developing its truckload capabilities to include additional temperature-controlled carrier relationships throughout the US and Canada.
“Our growth strategy continues to focus on ensuring we have the service capabilities to satisfy all of the needs of our clients,” said Douglas R. Waggoner, Chief Executive Officer of Echo Global Logistics. “Refrigerated freight service is a strategic component of Echo’s expanding service offering, and the acquisition of Purple Plum enhances our ability to offer our clients the simplicity of a complete transportation management solution.”
“Purple Plum looks forward to joining the Echo team and contributing to the temperature controlled truckload capabilities of Echo,” said Sam Freni, who will continue with Echo as a Regional Vice President. “Echo offers established technology, an extensive sales organization and a proven ability to service and grow its relationships with clients. Echo has retained the entire Purple Plum workforce in connection with this acquisition.
During the prior 12 months, Purple Plum had approximately $17m in gross revenue.

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