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CORONAVIRUS UPDATE

Lazer Spot Acquires Firefly Transportation Services

PRESS RELEASE

Alpharetta, Georgia, March 29, 2021 -- Lazer Spot, Inc., (“Lazer Spot”) the leading provider of outsourced yard management services in North America, has acquired the assets of Firefly Transportation Services LLC, (“Firefly”) a Glenview, Illinois-based third party logistics company. Terms of the transaction were not disclosed.

Keith Archer, Mike Bohnstengel, and Josh Mehl started Firefly in 2017 after successful careers in the supply chain industry, including over 70 years combined of experience working with Fortune 500 companies. Together, they built Firefly into one of the premier providers of trailer spotting and short shuttle services in the U.S. using electric spotting trucks.

As a result of the acquisition, Lazer Spot becomes the largest operator of electric spotting trucks in the U.S. Lazer Spot CEO Adam Newsome said, “Lazer Spot has been utilizing electric spotters since 2017. One of our top priorities over the next several years is to accelerate the adoption of zero-emissions yard management solutions in the market. Firefly will play an important role in helping us achieve that goal; their success gives us the confidence to expand our use of EV trucks. We have admired their excellent reputation in the industry for a long time, and we are excited to continue to make their vision of a cleaner world a reality.”

As part of the transaction, Compass Supply Chain Solutions LLC, a leading supply chain consulting firm run by Messrs. Archer, Bohnstengel, and Mehl, has agreed to provide consulting services to Lazer Spot and will be focused on helping Lazer Spot ramp up its investment in EV spotting trucks. “We are proud to have built Firefly into a premier yard management company and a pioneer of green technology in the logistics industry,” said Mr. Archer. “In finding a home for Firefly, it was crucial to us to leave our Company with someone who shared our passion for building a more sustainable future, and we know that our vision will live on with this alliance with Lazer Spot.”

Lazer Spot is the market leader in critical outsourced yard management services, including trailer spotting and shuttling. Founded in 1996 and headquartered in Alpharetta, GA, Lazer Spot is the only national provider of spotting services across the consumer packaged goods, food & beverage, pulp & paper, retail and other industrial sectors.  It is on the Transport Topics list of the Top 50 Logistics Companies in the U.S.  More information about Lazer Spot is available at www.lazerspot.com.

Lazer Spot is a portfolio company of funds managed by Harvest Partners, LP, a leading New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services and manufacturing & distribution sectors. More information about Harvest is available at www.harvestpartners.com.

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Transportation Yard Management

There’s a reason that most of our customers have been with us for years, and continue to engage us for work at additional locations. That reason is the commitment our teams bring to outstanding customer service. Our drivers and managers are the best in the industry at delivering safe, efficient, timely solutions for our customers’ logistics needs.

Adam Newsome
Lazer Spot CEO