Echo Global Logistics, Inc. - 10-Q filing on 2018-07-26

Subsequent Events (Notes)	Jul. 06, 2018
Subsequent Event [Line Items]
Subsequent Events	Subsequent Events On July 6, 2018, the Company purchased substantially all of the assets of Freight Management Plus, Inc., a Pennsylvania corporation ("Freight Management") for an aggregate purchase price of up to $10.2 million, of which (i) $6.6 million was paid at closing, subject to post-closing adjustments for working capital, (ii) $0.7 million was paid in the form of common stock, par value $0.0001 per share, of the Company at closing and (iii) up to $2.9 million will be paid in the three years following the closing, subject to the achievement of certain financial objectives set forth in the Asset Purchase Agreement by and between Echo/FMP Holdings, LLC, a wholly-owned subsidiary of the Company, and Freight Management.

Subsequent Events (Notes)

Jul. 06, 2018

On July 6, 2018, the Company purchased substantially all of the assets of Freight Management Plus, Inc., a Pennsylvania corporation ("Freight Management") for an aggregate purchase price of up to $10.2 million, of which (i) $6.6 million was paid at closing, subject to post-closing adjustments for working capital, (ii) $0.7 million was paid in the form of common stock, par value $0.0001 per share, of the Company at closing and (iii) up to $2.9 million will be paid in the three years following the closing, subject to the achievement of certain financial objectives set forth in the Asset Purchase Agreement by and between Echo/FMP Holdings, LLC, a wholly-owned subsidiary of the Company, and Freight Management.