SEKO Logistics partners up with Greenbriar Equity Group LLC for future growth plans

SEKO said New York-based private equity firm Greenbriar Equity Group LLC, which has more than $2 billion of committed capital in companies in the global transportation industry, including logistics, distribution, and, freight, among others, will serve as its private equity growth partner.

By ·

Chicago-based third-party logistics (3PL) services provider SEKO Logistics said last week it has chosen a private equity partner to help with its future company growth plans.

SEKO said New York-based private equity firm Greenbriar Equity Group LLC, which has more than $2 billion of committed capital in companies in the global transportation industry, including logistics, distribution, and, freight, among others, will serve as its private equity growth partner.

Established in 1976, SEKO offers shippers various supply chain services, including forwarding, transportation, logistics, software and warehousing, as well as more than 120 offices in 40 countries.

SEKO officials said that CEO William J. Wascher will continue in this role, adding that existing shareholders will maintain significant ownership going forward. The company also said that the senior management teams of all of the global operating subsidiaries of SEKO will also continue in their current leadership roles.

In an interview with LM, Wascher said SEKO saw this partnership with Greenbriar as a natural next step in the evolution of the company.

“In order to facilitate and accelerate our growth in some key areas, we wanted to evaluate all options but only select the path that would be a perfect fit for our strategic partners, customers and employees,” he explained. “Greenbriar’s partnership is that perfect fit.”

Regarding how this announcement could impact things from a SEKO service perspective, Wascher explained that the only changes its clients will see are more investments from the SEKO side for continuous growth and scalability at a quicker pace.

As an example of that, he said that leading up to partnering with Greenbriar SEKO had made significant investments in the Los Angeles market that included a new facility in April. 

“This facility is located near the airport and port, which has more than doubled the size of our operation to better support our growth in e-commerce exports out of LAX, Home Delivery for the LAX market, and traditional cross-dock services for our freight forwarding clients,” he explained.  “This also allows for easy access to the LA/LB ports with more dock doors.  Additionally, we have opened up new facilities further inland in Riverside, CA (2014) and now our Omni-Channel Logistics facility in Chino, CA (2015) to enhance ongoing warehousing and fulfillment operations at a lower cost for retailers and eCommerce clients. Our clients will see more of these types of investments that will allow us to better service our clients’ growth and the growth of e-commerce in general in the marketplace.”

Long-term plans for SEKO through this partnership cited by Wascher include continued global expansion as it looks to grow more in markets where it already is––in markets like China, Germany, and Indonesia.  And he added that SEKO is also looking to open new locations in markets like Eastern Europe, South America, and West Africa in order to continue its goal of globalization. 

“Our continued investments in our growing portfolio of in-house developed Software as a Service (SaaS) solutions, such as TMS, PO Management, and WMS will provide additional features in the coming years and this will be a core service offering that clients will see more of as an alternative to the software-only providers in the market,” he said. “Our ‘playbook’ does not change, but is rather enhanced in order to achieve or goals quicker of being the top-of-mind mid market leader of integrated logistics services coupled with sophisticated software solutions for retailers and manufacturers.  One of the reasons they invested in SEKO was because of our strategy, leadership and success to date, and we are looking to accelerate that growth and award-winning success in the future.”

Financial terms of the transaction between SEKO and Greenbriar were not disclosed.

“SEKO plays a critical role in customer supply chains domestically and internationally,” said John Anderson, Advisory Director at Greenbriar, in a statement. “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.”


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Latest Whitepaper
Supply Chain Visibility: Illuminating the Path to Responsive, Agile Operations
Supply chain visibility is not an end, but a tool. It is the means to achieving true supply chain effectiveness, agility and ultimately, corporate profitability.
Download Today!
From the December 2017 Logistics Management Magazine Issue
Trade and transport analysts see rates rising across all modes in accordance with continued expansion of domestic and international markets. Economists, meanwhile, say shippers can expect revenue growth in transport verticals to remain in the 3%-plus range.
2018 Customs & Regulations Update:10 observations on the “digital trade transformation”
Moore on Pricing: Freight settlement and your TMS
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2018 Rate Forecast
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...
Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...

2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...
2017 Alliance Awards: Recognizing outstanding supply chain partnerships
In an era where effective supply chain collaboration is both highly valued and elusive, Logistics...