Lazer Logistics, a yard management services provider, recently acquired the spotting operations of Hirschbach Motor Lines.
Terms of the transaction were not disclosed.
This is Lazer’s first pickup since the company was acquired by private-equity firm EQT Infrastructure in March.
“Four years ago, I stated that one of our top priorities was to supplement our strong organic growth with acquisitions of respected and like-minded operators, like Hirschbach,” Adam Newsome, Lazer founder and CEO, said in a news release. “With Lazer as the largest provider of spotting services and Hirschbach as the largest outsourced provider to the cold storage and protein subsectors, this acquisition is a perfect fit for our future growth plans.
“This acquisition brings our footprint to nearly 600 locations, providing incredible career growth opportunities for our employees.”
Lazer’s operation also now includes over 5,300 employees and 9,200 fleet assets, the company said.
“This transaction is a win-win for all parties, including our spotting-division customers, employees, and both companies,” said Brad Pinchuk, Hirschbach owner and CEO. “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.
“Selling this small segment of our business, which represents roughly 5% of our revenues, will allow us to focus on our core temp-controlled dedicated, OTR, and logistics services. We are confident our customers and employees will be well served with Lazer, given their track record of operational excellence.”
