News / New owner installs new management team at Seko Logistics

Photo: Seko Logistics

Seko Logistics has revealed it has a new majority owner following recapitalisation, and it has put in a new leadership team. 

In September, Seko said that due to the ‘ongoing freight recession’, it had had to refinance. Today it announced the “successful” close of the deal, with its existing lenders taking over majority ownership of the group. 

Seko was majority acquired by Ridgemont Equity Partners in January 2021, financed by debt provided by Barings, Blackstone Credit, Churchill Asset Management and Manulife Investment ...