SEKO ownership consolidates as pair buy out third partner
Logistics company SEKO said Monday it has changed its corporate ownership structure after one of its original partners sold his share to two other original owners.
William Wascher and Steven Goldberg, who with Thomas Cagney, purchased SEKO from U.S. Freightways in 2002, said they have purchased all of Cagney’s interests in SEKO. Cagney will remain part of the SEKO network as the owner/operator of the SEKO offices in Denver and Dallas. The company said Cagney sold his interests to allow him to focus his business energies on his own SEKO offices.
Wascher will remain president and chief executive officer while Goldberg remains executive vice president of operations and chief operations officer.
When the purchasing group headed by Wascher and Goldberg assumed control of SEKO in 2002, the business was restructured to allow the strategic partners to share in SEKO’s growth. That companywide system remains in place. Since 2002, SEKO has grown at an average rate of 25 percent per year and has expanded into 40 countries worldwide.