BB&T Capital Markets Serves as Exclusive Financial Advisor to LaserShip, Inc. in its sale to Greenbriar Equity Group LLC
On March 1, 2018, LaserShip, Inc. (“LaserShip” or the "Company"), a portfolio company of Monitor Clipper Partners, LLC (“Monitor Clipper”), was acquired by Greenbriar Equity Group LLC (“Greenbriar”). BB&T Capital Markets served as the exclusive financial advisor to LaserShip.
Blake Averill, Chief Executive Officer of LaserShip, noted: “The BB&T team was as passionate about telling our story as we were. Their industry expertise and process acumen enabled us to realize an excellent outcome in a tight timeframe. Keith, Hugh and team are true professionals.”
“We appreciate the opportunity to work with LaserShip on this important step of their journey,” said Keith Prusek, Managing Director and Co-Head of the Logistics & Transportation Group at BB&T Capital Markets. “The management team has done an amazing job growing the Company and positioning it for continued success. We look forward to following LaserShip as it executes on its growth plan in partnership with Greenbriar Equity Group.”
About the Companies
LaserShip is a leading parcel delivery provider that leverages an integrated hub-and-spoke delivery network across 21 states in the Eastern US to provide “distribution center to doorstep” services to shippers in e-Commerce and other attractive markets. Founded in 1986, LaserShip offers a diversified service portfolio focused on speed and flexibility in same-day and next-day delivery.
Located in Boston, MA, Monitor Clipper Partners is a middle market private equity fund. Since its founding in 1998, Monitor Clipper has invested in more than 40 companies across a wide variety of industries, including natural and organic foods, specialty retail, health care services, gaming, metals, logistics, and financial services technology.
Greenbriar Equity Group LLC, a private equity firm with over $2.5 billion of committed capital, focuses exclusively on the global transportation industry, including companies in logistics and distribution, aerospace and air transport, automotive, industrial equipment and components, surface transport, MRO and other related sectors. Greenbriar invests with proven management teams who are interested in being significant equity owners in their companies as well as with corporate partners who are interested in raising capital. Greenbriar’s partners bring many decades of experience at the highest levels within the transportation industry.
Logistics & Transportation Services
BB&T Capital Markets' Logistics & Transportation Group provides M&A, capital raising and corporate banking services to companies in the logistics and transportation industry, including third-party logistics providers (freight forwarding, contract warehousing, truck brokerage), trucking (truckload and LTL), marine transportation (inland barge and international shipping), railroads, transportation equipment and waste services. BB&T’s Logistics & Transportation Corporate Banking Team manages in excess of $2.1 billion of assets, comprised by more than 50 industry relationships. The team specializes in delivering corporate finance and equipment finance solutions to industry participants spread across all sectors of the transportation industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.