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Lone Star Overnight

Location: Austin, TX
Phone: (800) 800-8984
Website: www.lonestarovernight.com
Status: Exited in 2007
Lone Star Overnight Lone Star Overnight Lone Star Overnight

Lone Star Overnight is an Austin, Texas-based provider of overnight, time-definite express package delivery services in Texas, Oklahoma and Louisiana. LSO provides guaranteed overnight delivery or end of next business day of parcels and documents primarily to business customers. The Company, through its unique intra-regional business model, is able to provide a competitive service offering at average rates that are less than the national carriers.

Background to the Transaction

Founded in 1991 by its President, Gary Gunter, LSO had expanded into one of the country’s largest regional express package delivery companies. LSO had been acquired by a larger parcel delivery company in the late 1990s and had operated as a stand-alone division since that time. In 2002, the parent company of LSO was looking to divest LSO to enhance its liquidity position. Through a relationship with the parent company owner, Brazos was able to engage in a direct negotiation with the sellers, which ultimately resulted in Brazos’ acquisition of the Company in December 2002.