Yard management service provider Lazer Logistics has acquired Hirschbach Motor Lines' (CCJ Top 250, No. 42) spotting operations. Terms of the deal were not disclosed.
The addition of Hirschbach's 45 locations, Atlanta-based Lazer now operates nearly 600 locations across 41 states and Canada, has more than 5,300 employees and manages 9,200 fleet assets.
Brad Pinchuk, CEO of the Dubuque, Iowa-based temperature-controlled carrier, noted that the spotting operaration accounted for "roughly 5% of our revenues," and its disposal "will allow us to focus on our core temp-controlled dedicated, OTR, and logistics services... This transaction is a win-win for all parties, including our spotting division customers, employees, and both companies. Our employees are transitioning to a company whose core business is spotting, which affords them plentiful opportunities for career growth, given the size and scope of Lazer’s footprint."
Noting that Lazer has acquired numerous companies over the past 27 years, Lazer Logistics founder and CEO Adam Newsome ensured a seamless transition and complete business continuity for customers.
"Our formula for success is simple, treat our employees right, and they will take care of our customers," he said. "So, for the employees that are coming over as part of the acquisition, they are simply switching families. As we move further along in the integration process, we will look to make any improvements necessary and introduce them to additional services that Lazer offers including shuttling, gate operations, trailer rental and leasing, electric vehicles providing emission-free yard operations, drayage, yard management software and more.”
Founded in 1996, Lazer Logistics is North America’s largest provider of outsourced end-to-end yard management. Their services include trailer spotting, shuttling, trailer rental and leasing, gate management, drayage, YMS technology, and more. With over 100 battery electric vehicles, Lazer operates North America’s largest fleet of outsourced electric spotters.
Lazer itself was sold earlier this year for an undisclosed sum to EQT Infrastructure VI fund, a global investment organization.
