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Lazer Spot Essay

Decent Essays

OVERVIEW

Lazer Spot is the U.S. industry leader in third-party yard management services, which involves managing and executing the movement of trailers within the yards of customers’ plant facilities and distribution centers, and between customer facilities, local vendors and rail or port yards. The company currently has USD $200 million annual revenue and 2,300-plus employees (90% are commercially licensed drivers) working in 31 U.S. states and 278 locations, and is growing organically at ~20% annually. The company is now planning its initial entry into the Canadian market through a business start-up that is scheduled to be fully operational by end of Q1 2016.

COMPANY BACKGROUND/CULTURE

Founded in 1995 by two entrepreneurs, the organization has grown every year since, adding blue-chip customers and expanding its footprint throughout the U.S. Sterling Investment Partners bought a majority stake in the company in 2010, partnering with one of the original founding families and started the process of institutionalization.

In February 2015, Sterling sold its stake in Lazer Spot to Greenbriar Equity Group, LLC, a private equity investment firm focused on the global transportation industry, to partner with management and support the next generation of growth and success of the company. Since its founding in 1999, Greenbriar has managed over $2.5 billion of capital across three funds, focused on investing in leading manufacturers and service providers within

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