M&A Deal Summary

Ridgemont Equity Partners and Bregal Sagemount Acquire SEKO

On January 7, 2021, private equity firm Ridgemont Equity Partners and growth capital firm Bregal Sagemount acquired transportation company SEKO from Greenbriar Equity Group

Acquisition Highlights
  • This is Ridgemont Equity Partners’ 5th and Bregal Sagemount’s 2nd transaction in the Transportation sector.
  • This is Ridgemont Equity Partners’ 106th and Bregal Sagemount’s 40th transaction in the United States.
  • This is Ridgemont Equity Partners’ 6th and Bregal Sagemount’s 3rd transaction in Illinois.

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

Target

SEKO

Schaumburg, Illinois, United States
SEKO 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 was founded in 1976 and is based in Schaumburg, Illinois.

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Buyer(S) 2

Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
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 invest up to $500 million in companies with EBIDTA of $5 - $50 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.

DEAL STATS #
Overall 120 of 133
Sector (Transportation) 5 of 7
Type (Recapitalization) 4 of 8
State (Illinois) 6 of 6
Country (United States) 106 of 118
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Dickinson Fleet Services

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

Columbia, South Carolina, United States

Softdocs 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 -
Buyer

Bregal Sagemount

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 43 of 65
Sector (Transportation) 2 of 3
Type (Recapitalization) 2 of 2
State (Illinois) 3 of 3
Country (United States) 40 of 61
Year (2021) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Information Builders

New York, New York, United States

Information Builders is a provider of solutions for business intelligence (BI), analytics, data integration, and data quality that help drive performance improvements, innovation, and value. Information Builders was established in 1975 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 STEELE Compliance Solutions

San Francisco, California, United States

STEELE Compliance Solutions, Inc. is a provider of third-party management software and due diligence investigation services focused on the anti-bribery and anti-corruption compliance market. STEELE Compliance Solutions was founded in 1989 and is based in San Francisco, California.

Sell -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. 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 businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.

DEAL STATS #
Overall 18 of 26
Sector (Transportation) 8 of 10
Type (Recapitalization) 1 of 1
State (Illinois) 2 of 2
Country (United States) 15 of 22
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Wineshipping

Napa, California, United States

Wineshipping offers direct-to-consumer logistics and e-commerce fulfillment solutions through a bi-coastal network of fulfillment centers. Wineshipping provides wineries and traditional and online retailers of wine a platform for direct-to-consumer wine delivery. Wineshipping is the largest direct-to-consumer shipper of wine in North America, with fulfillment centers in Oregon, California, and New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Oil Changers

Pleasanton, California, United States

Oil Changers is an independent 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 -
Mergr

Product

Company

Legal