March 23, 2007
EGL, Inc. announces agreement to be acquired by investor group for approximately $1.7 billion.
On March 19, EGL, Inc. announced it has signed a definitive merger agreement under which an investor group comprising James R. Crane, EGL's CEO, together with investment funds affiliated with Centerbridge Partners, L.P. and The Woodbridge Company Limited, will acquire the company in a transaction valued at approximately $1.7 billion. Willkie advised Deutsche Bank Securities, financial advisor to the Special Committee of EGL's Board of Directors, in the transaction. Houston-based EGL, Inc. is a leading global transportation, supply chain management and information services company. The deal was handled by partner David Boston and associate Laura Delanoy.
