Greenbriar Equity Group has acquired a majority equity ownership of Lazer Spot, a provider of outsourced transportation yard management services.
Lazer Spot’s services include trailer spotting (rapid and precise movement of empty and full trailers at its customers’ distribution centers and manufacturing facilities) and shuttling (on-demand movement of empty or full trailers between customers’ sites, distribution facilities, third party rail yards and shipping ports). Lazer Spot is the only national provider of spotting services with 260 sites that are used by more than 80 customers that operate in the consumer packaged goods, food & beverage, pulp & paper, retail, and industrial sectors. The company was founded in 1996 and is headquartered in Atlanta (www.lazerspot.com).
“Trucking companies bringing trailers into big distribution centers or manufacturing facilities want to drop and go,” said Adam Newsome, President and CEO of Lazer Spot. “They don’t want to sit and wait. We found a need in the market that wasn’t being met, and we provide that service on a national scale.”
“Lazer Spot has an outstanding management team, an excellent customer base, and the leading set of logistics solutions for yard management,” said Jill Raker, Managing Partner at Greenbriar. “We are excited to be partnering with Adam Newsome and his team and look forward to supporting the company’s growth with both existing and new customers.”
Greenbriar Equity Group invests from $50 million to $150 million per transaction in the global transportation industry, including companies in logistics and distribution, aerospace and air transport, automotive, industrial equipment and components, MRO, surface transport and other related sectors. The firm manages $2.5 billion of committed capital and is based in Rye, NY (www.greenbriarequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-10-15