Harvest Partners acquires Lazer Spot
Deal will fuel organic and acquistions growth for Georgia-based yard management services firm.
New York-based private equity firm Harvest Partners, LP has acquired yard management services provider Lazer Spot, Inc. from Greenbriar Equity Group, LP, the company said today.
Alpharetta, Ga.-based Lazer Spot provides spotting services (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) to companies throughout the United States and Canada. Lazer Spot has more than 100 blue chip customers in the consumer packaged goods, food and beverage, pulp and paper, retail, and other industrial sectors, servicing more than 400 sites, according to Harvest Partners.
The deal will help Lazer Spot grow organically and by acquisition, leaders of both firms said. Lazer Spot will continue to be led by CEO Adam Newsome, and its management team will remain "significant owners of the business," Harvest Partners said. Additional terms of the deal were not disclosed.
Resources Mentioned In This Article
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Harvest Partners acquires Lazer Spot">contact Chief Editor David Maloney. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.