Recapitalization Will Strengthen Company Position and Infuse New Capital to Fuel Strategic Investment in Industry-Leading Logistics Solutions

SEKO Logistics (“SEKO” or the “Company”), the leader in end-to-end global logistics, today announced that it has successfully entered into a definitive agreement on a transaction with its key financial partners that is expected to reinforce the Company’s financial foundation and position it to continue to lead the logistics industry in innovation, excellence, and unmatched client service well into the future.

Through the transaction, which has the support of the Company’s lenders and equity sponsors, SEKO will be recapitalized, resulting in a strengthened financial position which will allow the Company to further invest in its team, network, client solutions, and technology. SEKO is focused on enhancing its service offerings and expanding its global footprint from a position of strength.

“With the recapitalization and scalable go-forward business plan, SEKO will enter an exciting new phase with the financial and strategic foundation to create the future of logistics,” said James Gagne, SEKO’s Chief Executive Officer. “The ongoing freight recession has impacted the entire market, and by proactively addressing our balance sheet, we will be at the forefront of the industry and better equipped to navigate these challenges and provide exceptional value to our clients and partners around the world. With significant new investment, we will build on our momentum to capitalize on emerging opportunities and expand the global reach of our mission-critical service offerings as the industry recovers.”

Upon closing of the transaction, which is expected in the coming weeks, SEKO will continue to benefit from the support of existing financial partners, who are confident that the Company has the right strategy, team, and culture to achieve and exceed its objectives. Importantly, the Company’s existing leadership will remain in place, driving the business forward.

To learn more about SEKO, visit www.sekologistics.com.

About SEKO Logistics

Built on nearly 50 years of logistics expertise, SEKO Logistics is the no-nonsense global end-to-end logistics partner – from shipper to consumer. SEKO delivers client-first service, expert reliability and tech-driven shipping solutions that turn supply chains into a competitive differentiator. With over 150 offices in more than 60 countries, SEKO helps you move at the speed of global commerce. Learn more at www.sekologistics.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240919570603/en/