Greenbriar Equity Group LLC has acquired a majority stake in Lazer Spot. Financial terms weren’t announced. Atlanta-based Lazer Spot provides outsourced yard management services including trailer spotting and shuttling.
RYE, N.Y.–(BUSINESS WIRE)–Lazer Spot, Inc., the leading provider of outsourced yard management services, has selected Greenbriar Equity Group LLC , a New York-based private investment firm, as its new equity partner. Terms of the transaction were not disclosed. Lazer Spot will immediately become a majority owned Greenbriar portfolio company.
Lazer Spot is the category leader in a comprehensive range of critical outsourced yard management services including 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). Founded in 1996 and headquartered in Atlanta, GA, Lazer Spot is the only national provider of spotting services offering a compelling value proposition at 260 sites for more than 80 blue chip customers across the consumer packaged goods, food & beverage, pulp & paper, retail and other industrial sectors.
Jill Raker, Managing Partner at Greenbriar, said: “Lazer Spot has an outstanding management team, an excellent customer base, and the leading set of logistics solutions for yard management. 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.”
Adam Newsome, Lazer Spot’s CEO said: “This transaction marks an important milestone in Lazer Spot’s development. We are eager to work with our new partner, Greenbriar, a firm with a long-standing focus on the logistics sector. Given their experience and relationships, Greenbriar can provide unique support as we continue to grow our business while remaining committed to providing best in class service to our customers.”
About Greenbriar Equity Group
Greenbriar Equity Group LLC, a private equity firm with over $2.5 billion of committed capital, focuses exclusively on 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. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry. Additional information may be found at www.greenbriarequity.com.
About Lazer Spot
Lazer Spot, Inc. is the largest independent provider of comprehensive yard management services and solutions in the U.S., managing the movement of trailers at high volume distribution centers and manufacturing facilities, and also providing trailer shuttle services, through Company-provided tractors and drivers. The Company serves a diverse customer base nationally including many of the world’s largest consumer products companies. To learn more about Lazer Spot, please visit www.lazerspot.com.