Private cash for supply chain specialist

Supply chain specialist Seko is to receive funding for the next stage of its growth from Greenbriar Equity Group, a New York-based private equity firm that focuses exclusively on the transportation industry.
Seko provides complete supply chain solutions including forwarding, transportation, logistics, software and warehousing and has over 120 offices in 40 countries worldwide. Current chief executive William Wascher (pictured) will continue in his role, senior management teams of all global operating subsidiaries will remain in place and existing shareholders “will maintain significant ownership”.
Wascher said the move “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.”