MergerLinks Header Logo

Announced

Completed

Lazer Logistics completed the acquisition of spotting operations from Hirschbach Motor Lines.

Synopsis

Lazer Logistics, a provider of outsourced, end-to-end yard management services in North America, completed the acquisition of spotting operations from Hirschbach Motor Lines, a transportation carrier specializing in refrigerated-truckload services. Financial terms were not disclosed. “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. 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. Both companies are exceptionally high performing and complement each other quite well with our customer mix and the operational efficiencies this combination will bring. This acquisition brings our footprint to nearly 600 locations, providing incredible career growth opportunities for our employees,” Adam Newsome, Lazer Logistics Founder and CEO.

Show Details & Financials

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US