CHICAGO, ILLINOIS May 5, 2015 – SEKO Logistics (“SEKO” or the “Company”), a leading global provider of supply chain solutions, has selected Greenbriar Equity Group LLC, 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. Central to SEKO’s customer centric solutions are innovative and customizable technology tools that provide a seamless flow of information and give customers truly global supply chain visibility. With over 120 offices in 40 countries worldwide, SEKO’s customers benefit from a global implementation experience coupled with vital in-country knowledge and service at the local level.
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 LLP acted as legal counsel to Greenbriar. Raymond James acted as exclusive financial advisor and Howard, Marcus & Berk acted as legal counsel to SEKO.
About SEKO Logistics
SEKO Logistics provides a complete set of technology-enabled supply chain logistics solutions, including transportation management, contract logistics, forwarding and warehousing services. SEKO designs highly-customizable, ready-to-go solutions for customers, and is supported by a global strategic partner network who have unparalleled expertise across a broad spectrum of industry sectors, including omni-channel retail, e-commerce, home delivery, and medical technology, among others. With over 120 offices in 40 countries, SEKO gives customers global coverage and local knowledge. To learn more, please visit www.sekologistics.com
About Greenbriar Equity Group LLC
Greenbriar Equity Group LLC, a private equity firm with over $2.0 billion of committed capital, focuses exclusively on the global transportation industry, including companies in the logistics and distribution, aerospace and defense, freight and passenger transport, automotive, and related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found at www.greenbriarequity.com.