New main investor for Seko Logistics
Greenbriar Equity Group, a New York-based private equity firm with investments in the global logistics industry and Seko Logistics' key shareholder since 2015, has sold part of its shares, but will continue as a minority investor.
Seko, a US-American global freight forwarder and third-party logistics provider, was sold to Ridgemont Equity Partners, a Charlotte (North Carolina)-based equity investor. Capital is needed for additional acquisitions, technology platform investments and growth in key geographies. The terms of the transaction were not disclosed.
Founded in 1976, Seko provides e-commerce logistics and shipping solutions, white glove delivery solutions, healthcare logistics and freight forwarding services and runs 120 offices in 40 countries worldwide. (sh)