Greenbriar Acquires Majority Stake in Lazer Spot
Greenbriar Equity Group has acquired a majority stake in Lazer Spot Inc., an Atlanta-based company that provides trailer spotting and shuttle services at U.S. distribution centers, rail yards and port facilities.
Terms of the transaction, announced Feb. 9, were not disclosed.
Jill Raker, managing partner at Greenbriar, said Lazer Spot, founded in 1996, is the only national provider of spotting services and operates at 260 sites for more than 80 customers in the consumer packaged goods, food and beverage, pulp and paper, retail and industrial sectors.
“We are excited to be partnering with [Lazer Spot CEO] Adam Newsome and his team and look forward to supporting the company’s growth with both existing and new customers,” Raker said in a statement.
Newsome said the deal “marks an important milestone in Lazer Spot’s development” and that he expects to take advantage of Greenbriar’s experience and relationships in the logistics sector to support the company’s growth.
Greenbriar, based in Rye, New York, has more than $2.5 billion currently invested in transportation-related companies, including logistics firm Transplace Inc. and Nordco Holdings, a supplier of railroad maintenance equipment and parts.
