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LaserShip and OnTrac Logistics Merge

October 14, 2021

LaserShip 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 delivery market.

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.

“We 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 our associates.”

“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.”

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