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Seko acquires forwarder, e-commerce firm Air-City to expand NYC, China operations

(Ridgemont takes majority stake in Seko (Photo: Seko)

Seko Logistics said Tuesday it has acquired Air-City Inc., a New York City-based freight forwarder and cross-border e-commerce firm, for an undisclosed sum. Seko said it is its biggest acquisition ever.

Privately held Seko said the acquisition will strengthen its position in the New York region, particularly its gateway operations, by adding facilities in the tight market for supply around JFK International Airport.

The acquisition will also boost Seko’s position in China, where Air-City was one of the first groups of foreign freight agents to be authorized to operate in China when the country opened its doors to non-Chinese agents in 1994, Seko said.

In January 2019, Seko, based in Itasca, Illinois, made its first full acquisition when it purchased GoodShip International Inc., a Chicago-based shipping, customs brokerage and compliance firm, for an undisclosed sum. The previous September, Seko had acquired a majority stake in Omni-Channel Logistics, a longtime partner, to boost its  e-commerce and information technology offerings.

At the time of the GoodShip deal, Seko executives said the company would likely pursue “tuck-in” acquisitions, smaller transactions that fill a specific void in the company’s portfolio.

Mark Solomon

Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. Over the course of his career, Solomon has covered nearly the whole gamut of the transportation and logistics industry, including trucking, railroads, maritime, 3PLs, and regulatory issues. Solomon witnessed and narrated the rise of Amazon and XPO Logistics and the shift of the U.S. Postal Service from a mail-focused service to parcel, as well as the exponential, e-commerce-driven growth of warehouse square footage and omnichannel fulfillment.