Logistics company Lazer Logistics broadens its reach through acquisitions in Chicago and Dallas-Fort Worth.
In a strategic move to bolster its operations in the dynamic logistics markets of Chicago and Dallas-Fort Worth, Lazer Logistics has announced the acquisition of three companies: NetCorp Trailers, EJR Logistics, and Stein & Sons Cartage Contractors.
The three companies, previously based in Chicago and Dallas-Fort Worth, specialize in trailer leasing, yard spotting, and short-haul shuttling services. Collectively, they serve over 20 customers and have been operating reliably since 2004.
With this acquisition, Lazer Logistics' fleet now includes over 11,000 units of yard spotting and shuttling equipment, and the company manages operations across over 700 locations in the U.S. and Canada. This marks Lazer's 13th acquisition, a testament to its growth and commitment to expanding its services.
Adam Newsome, CEO of Lazer Logistics, stated, "Chicago and Dallas-Fort Worth are dynamic logistics markets, and this acquisition increases our density and expands service capabilities in both regions." He further added, "This acquisition aligns well with our existing network and technological platform, improving reliability and efficiency for our diverse blue-chip customers."
Peter Stein, co-founder and CEO of the three acquired companies, will join Lazer as a vice president to ensure a seamless transition for existing customers. Lazer has a proven process for integrating local expertise into its national platform, ensuring that the transition will be non-disruptive.
This article was written by Todd Maiden.
Key Details
- Services provided: Trailer leasing, yard spotting, and short-haul shuttling in the Chicago and Dallas-Fort Worth logistics hubs.
- Customer base: More than 20 customers served collectively by NetCorp, EJR, and Stein & Sons since 2004.
- Fleet size: Lazer’s total fleet now exceeds 11,000 yard spotting and shuttling units after the acquisition.
- Locations and staff: Operations across 700+ locations in the U.S. and Canada, supported by nearly 6,000 employees.
- Leadership: Peter Stein, co-founder and CEO of the acquired companies, has joined Lazer as a vice president to ensure a seamless transition.
In light of the acquisition, Lazer Logistics' business expansion now extends to finance by acquiring companies specializing in trailer leasing, yard spotting, and short-haul shuttling, which will likely increase financial revenue. The integration of these companies will also enable Lazer Logistics to improve its transportation capabilities, ensuring efficient service delivery across the industry.
