SEKO Logistics (SEKO), a global provider of supply chain solutions, has selected Greenbriar Equity Group, a New York-based private equity firm focused exclusively on the global transportation industry, as its new equity partner to help spearhead the next stage of its growth. Terms of the transaction were not disclosed.
Founded in 1976, SEKO provides complete supply chain solutions specializing in forwarding, transportation, logistics, software and warehousing.
William J. Wascher, SEKO’s CEO will continue in this role and existing shareholders will maintain significant ownership going forward. The senior management teams of all of the global operating subsidiaries of SEKO will also continue in their current leadership roles.
William J. Wascher, CEO of SEKO, said: “This is a proud and defining moment for the SEKO organization. It reflects how far we have come but, most importantly, it unlocks our potential to achieve more. Greenbriar’s long track record of success in the logistics sector makes them an ideal partner for SEKO. Their deep expertise and relationships will be invaluable as we implement our global growth strategy, and will facilitate the next chapter of our growth, both organically and through acquisitions.”
John Anderson, Advisory Director at Greenbriar, said: “SEKO plays a critical role in customer supply chains domestically and internationally. The Company’s proven management team and global strategic partner network position the Company for exceptional long term growth. We are excited about SEKO’s differentiated solutions, which include expertise in the omni-channel retail, e-commerce, home delivery, medical technology, and international forwarding sectors.”
Hughes Hubbard & Reed acted as legal counsel to Greenbriar. Raymond James acted as exclusive financial advisor and Howard, Marcus & Berk acted as legal counsel to SEKO.