M&A Deal Summary

Ridgemont Equity Partners Acquires SEKO Logistics

On January 7, 2021, private equity firm Ridgemont Equity Partners acquired transportation company SEKO Logistics from Greenbriar Equity Group

Acquisition Highlights
  • This is Ridgemont Equity Partners’ 4th transaction in the Transportation sector.
  • This is Ridgemont Equity Partners’ 99th transaction in the United States.
  • This is Ridgemont Equity Partners’ 6th transaction in Illinois.

M&A Deal Summary

Date 2021-01-07
Target SEKO Logistics
Sector Transportation
Buyer(s) Ridgemont Equity Partners
Sellers(s) Greenbriar Equity Group
Deal Type Recapitalization
Advisor(s) Jefferies LLC
Raymond James - Investment Banking (Financial)
Hughes Hubbard & Reed LLP (Legal)

Target

SEKO Logistics

Itasca, Illinois, United States
website
SEKO Logistics is a global non-asset based 3PL provider offering a complete set of technology-enabled supply chain logistics solutions, including freight forwarding, transportation management, contract logistics and warehousing services. SEKO Logistics was founded in 1976 and is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 2.4B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invests $25 - $100 million in companies with EBIDTA of $5 - $30 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina and has additional offices in Dallas, Texas.


DEAL STATS #
Overall 113 of 118
Sector (Transportation) 4 of 4
Type (Recapitalization) 4 of 4
State (Illinois) 6 of 6
Country (United States) 99 of 104
Year (2021) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Dickinson Fleet Services LLC

Indianapolis, Indiana, United States

Dickinson Fleet Services LLC is a provider of on-site mobile maintenance and repair services nationwide, offering mobile on-site fleet service for light medium, and heavy-duty trucks and trailers. Dickinson Fleet Services was founded in 1997 and is headquartered in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-21 Softdocs, Inc.

Columbia, South Carolina, United States

Softdocs, Inc. develops document management, electronic forms, workflow automation, and print customization solutions for the higher education and K-12 markets. The company’s Etrieve platform, and complementary solutions, empower institutions to work more efficiently, communicate more effectively and collaborate more freely. Softdocs was founded in 1998 and is based in Columbia, South Carolina.

Buy -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B USD
SizeLarge
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation industry. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets equity commitments of $1000 to $1000 million per transaction. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 17 of 19
Sector (Transportation) 8 of 9
Type (Recapitalization) 1 of 1
State (Illinois) 2 of 2
Country (United States) 14 of 16
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 Lazer Spot, Inc.

Alpharetta, Georgia, United States

Lazer Spot, Inc. is a provider of comprehensive yard management solutions, including trailer spotting, shuttling and other complementary transportation and logistics services. Lazer Spot, Inc. was founded in 1996 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Oil Changers, Inc.

Pleasanton, California, United States

Oil Changers, Inc. is an independently owned quick lube service company. Oil Changers focuses exclusively on oil changes and ancillary services, including windshield wiper and air filter replacements. Oil Changers was founded in 1996 and is based in Pleasanton, California.

Buy -