Executive Briefings

Seko Expands Ownership to All Strategic Partners, Senior Managers

Seko Worldwide has expanded its ownership to include all strategic partners at offices in the U.S. and globally, as well as senior managers. All key players at the local, national and international levels are now part owners of the company. Seko was purchased in October of 2002 by Bill Wascher, Tom Cagney and Steven Goldberg. At the time, they promised to return the company to profitability, then create an equity model which allowed for network-wide input and ownership. The new arrangement took effect at the beginning of this year. Seko said its management team will remain in place, while its newly elected board of directors will consist of a combination of in-house and external executives, along with strategic partners. Seko is a global third-party logistics provider with 50 offices in the U.S. and more than 50 locations in 40 other countries. Its services include domestic and global air, ocean and ground transportation freight forwarding; customs brokerage; trans-border distribution; U.S. home delivery and distribution-center bypass.

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Seko Worldwide has expanded its ownership to include all strategic partners at offices in the U.S. and globally, as well as senior managers. All key players at the local, national and international levels are now part owners of the company. Seko was purchased in October of 2002 by Bill Wascher, Tom Cagney and Steven Goldberg. At the time, they promised to return the company to profitability, then create an equity model which allowed for network-wide input and ownership. The new arrangement took effect at the beginning of this year. Seko said its management team will remain in place, while its newly elected board of directors will consist of a combination of in-house and external executives, along with strategic partners. Seko is a global third-party logistics provider with 50 offices in the U.S. and more than 50 locations in 40 other countries. Its services include domestic and global air, ocean and ground transportation freight forwarding; customs brokerage; trans-border distribution; U.S. home delivery and distribution-center bypass.

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