The Charlotte-based middle market buyout and growth equity investor will support SEKO Logistics as it embarks on its next phase of expansion, with plans for additional acquisitions, technology platform investments, and growth in key geographies.
Greenbriar Equity Group LP, SEKO’s key shareholder since 2015, will continue as a minority investor. Terms of the transaction were not disclosed.
Rob Edwards and Tim Dillon said 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.”
President and CEO of SEKO, James Gagne, commented, “Ridgemont has extensive and highly relevant experience growing third-party logistics providers by investing in technology, hiring talented people, and acquiring strategic businesses. These initiatives have been at the core of SEKO’s growth in recent years and, with Ridgemont’s support, we will accelerate SEKO’s capabilities and ultimately benefit our customers at the local and international levels."