LaserShip and OnTrac Logistics Merge
October 14, 2021
and OnTrac Logistics have entered into a definitive agreement to merge.
LaserShip is a portfolio company of American Securities and Greenbriar,
and both will provide additional equity financing and continued
strategic support for the combined company.
The combined company will bring together two complementary operating
footprints across the United States. It will be the only pure-play
national e-commerce solution in last-mile parcel delivery and will
enhance customers’ ability to meet growing demand in the consumer
To ensure continued exceptional service through the holiday season with
expectations of heightened shipping volumes, LaserShip and OnTrac will
not begin to link their networks until 2022 and will operate
independently until that time.
are thrilled at the prospect of this combination, joining two companies
that share a culture of world-class service and that mark the future in
e-commerce last-mile delivery at scale,” said Will Manuel, Chairman of
the Board of LaserShip and a Managing Director of American Securities.
“This merger of two strong companies is a testament to the extraordinary
efforts of our team members to build a leading parcel carrier and
logistics business,” said Mike Roth, Board member and interim CEO of
LaserShip. “With OnTrac, we will use our combined best practices and
scale to support customer growth and provide excellent opportunities for
“As our customers grow, so do their shipping needs,” said Robert E.
Humphrey, Jr., Chairman and CEO of OnTrac. “By joining with LaserShip,
we will be well positioned to continue innovating and providing leading
service for shippers, and faster delivery for consumers. It’s the next
chapter in our steadfast commitment to the ‘On-Time for Less’ promise we
make to our shippers with every package, every day.”