Greenbriar Equity Group LLC has acquired a majority stake in Lazer Spot Inc. for an undisclosed amount.
Lazer Spot, headquartered in Alpharetta, Georgia, provides outsource yard-management services, including trailer spotting and shuttling. The spotting and shuttling entails moving trailers at customer distribution centers, and between customer sites, distribution facilities, rail yards and shipping ports. Lazer Spot provides these logistics services to companies in the packaged goods, food and beverage, pulp and paper, retail and other sectors.
Greenbriar is a private equity firm that has more than $2.5 billion in committed capital and focuses on making transportation and logistics investments. The firm usually invests $75 million to $150 million per deal. The firm's other investments include AerGen Leasing, Ardmore Shipping Ltd. and Edac Technologies Corp.