The Jordan Company, a private equity firm, agreed to acquire Echo Global Logistics, a provider of technology-enabled transportation, for $1.3bn. "I'm thrilled to partner with TJC as they bring significant expertise and industry experience to enable Echo to further accelerate our success in the market. In addition, having an experienced financial partner, with resources to fund continued growth, will result in a more rapid expansion of Echo's supply chain capabilities, including all of the automation planned to enable both our people and our digital freight marketplace," Doug Waggoner, Echo CEO.