Ridgemont Equity Partners announces Majority Recapitalization of SEKO Logistics

Ridgemont Equity Partners today reported the majority share recapitalization of SEKO Logistics, a main worldwide third-party logistics ("3PL") supplier. Greenbriar Equity Group, SEKO's greater part investor since 2015, will hold a critical value stake close by SEKO the board. Financial terms of the exchange were not revealed.

Established in 1976, SEKO is a worldwide 3PL platform that use its driving technology-enabled answers for settle complex issues inside its customers' supply chains. SEKO offers esteem added freight forwarding, internet business and omni-channel logistics and white glove administrations to an assorted customer base. The Company works an organization of more than 120 offices in 40 nations to offer exceptionally custom-made administrations with a worldwide reach by means of ground, air and ocean transportation modalities.

“Ridgemont has known SEKO for many years and we have admired what the management team and Greenbriar have accomplished together,” said Rob Edwards and Tim Dillon in a joint statement on behalf of Ridgemont. “SEKO is a fantastic business – the Company has a globally diverse operation with a difficult-to-replicate footprint and a remarkable high-touch service offering. We are excited to continue growing the Company by expanding its global reach, broadening its unique capabilities and enhancing its strategic partner network.”