TransImpact said late Tuesday that third-party logistics provider Echo Global Logistics has agreed to acquire the managed logistics solutions business of transportation and IT consultancy TransImpact for an undisclosed sum.
TransImpact said the deal is expected to close by the end of the year.
TransImpact said the sale will allow it to focus on its package consulting and negotiation business, as well as business intelligence and demand planning services.
Founded in 2008 and headquartered in Emerald Isle, North Carolina, TransImpact has its roots in package consulting. It helps package shippers analyze their shipping expenses and negotiate contracts.
Chicago-based Echo has been pushing hard into the managed logistics space because it sees huge potential in the space, according to a person familiar with Echo’s business.
Echo did not respond to an emailed request for comment on Tuesday.
Echo was acquired by private equity firm The Jordan Co. for $1.3 billion in late 2021.