SEKO, a global provider of supply chain solutions, including transportation, logistics and IT solutions, announced that William J. Wascher and Steven D. Goldberg, who with Thomas K. Cagney, purchased SEKO from U.S. Freightways in 2002, have purchased all of Mr. Cagney’s interests in SEKO. Mr. Wascher remains President and CEO of SEKO and Mr. Goldberg remains Executive Vice President of Operations and COO of SEKO.
Mr. Cagney remains part of the SEKO strategic network as the owner/operator of the SEKO offices in Denver, Colorado, and Dallas, Texas. Mr. Cagney sold his interests in SEKO to allow him to focus his business energies on his SEKO offices.
When the purchasing group headed by Mr. Wascher and Mr. 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 today. Since 2002, SEKO has grown at an average rate of 25% per year and has expanded into 40 countries worldwide.