Greenbriar Equity Group promotes Weiss

Michael Weiss will serve as a managing director

New York-based Greenbriar Equity Group has promoted Michael Weiss to managing director. Weiss focuses on structuring and sourcing investments across the transportation space, with a particular focus on the rail, logistics, and automotive sectors.

Weiss joined the firm in 2004 from Merrill Lynch, where he worked on the financial sponsors and leveraged finance group.

He currently serves as a Director of Nordco Holdings, a North American provider of equipment, parts and services to the railroad industry.

Greenbriar recently closed its third fund on $1.1 billion, the largest fundraise for the firm to date. Like predecessor funds, Fund III will focus exclusively on transportation investments in North America.

Greenbriar has made three investments out of the vehicle so far — Transplace Holdings, a provider of non-asset based third party logistics, intermodal and truck brokerage services; Nordco Holdings, a provider of rail-related products and services; and Lazer Spot, a provider of yard management services.

Lazer Spot was purchased from Sterling Investment Partners Trust in February.