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Third-party logistics provider Eco Global Logistics has agreed to acquire managed logistics solutions provider TransImpact and IT consultancy TransImpact for an undisclosed sum, TransImpact said late Tuesday.
The deal is expected to close by the end of the year, TransImpact said.
TransImpact said the sale will allow it to focus on its overall consulting and negotiation business.
In the year Founded in 2008 and based in Emerald Isle, North Carolina, TransImpact’s roots are in package consulting. Assists with analyzing parcel shipping costs and contract negotiations.
Chicago-based Echo has been pushing hard into the managed logistics space because it sees huge potential in the segment, said a person with knowledge of Echo’s business.
Echo did not respond to an emailed request for comment on Tuesday.
Eco will be acquired by private equity firm Jordan Co. for $1.3 billion in late 2021.
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