Echo Global Logistics, Inc. Files Registration Statement for Initial Public Offering
Chicago, IL April 30, 2008 - Echo Global Logistics, Inc. announced today that it filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Echo and certain of its stockholders are expected to sell the shares to be offered.
Lehman Brothers and Citi are the representatives of the underwriters and joint book-running managers. William Blair & Company, Thomas Weisel Partners LLC, Barrington Research and Craig-Hallum Capital Group will serve as co-managers. When available, a preliminary prospectus relating to the offering may be obtained from:
- Lehman Brothers, c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717 (e-mail: Qiana.Smith@broadridge.com; tel: (888) 603-5847; fax: (631) 254-7140); or
- Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: (877) 858-5407).
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Chicago-based Echo is a leading provider of technology enabled business process outsourcing serving the transportation and logistics needs of its clients. Echo's proprietary technology platform compiles and analyzes data from a diversified network of over 16,000 transportation providers to efficiently serve its clients' shipping needs and optimize their freight management. Echo procures transportation and provides logistics services and solutions for more than 4,600 clients across a wide range of industries, such as manufacturing and consumer products. For more information on Echo, visit: www.echo.com.