![]() ![]() In May 2016, the company opened a $150 million temperature-controlled warehouse in North Charleston, South Carolina, near the Port of Charleston, then acquired Consolidated Distribution Corporation of Lombard, Illinois that August, making Lineage the largest customized redistribution network in the United States. In January 2015, Lineage acquired the Pacific Northwest cold storage facilities of Columbia Colstor, headquartered in Moses Lake, Washington. With 111 facilities in 21 states, Lineage also ranked as the second largest temperature-controlled warehousing and logistics company in the United States. īy 2015, Lineage's facility network was ranked the second-largest in the world by the International Association of Refrigerated Warehouses. In March 2014, the company agreed to purchase Millard Refrigerated Services for about $1 billion, its largest acquisition to date, making Lineage "the second-largest temperature-controlled warehousing and logistics company in the world." Lineage then acquired Loop Cold Storage, Oneida Cold Storage & Warehouse, Murphy Overseas, and two facilities in Watsonville, California from Dreisbach Enterprises and, that September, opened a new temperature-controlled warehouse in Santa Maria, California. By 2014, most Lineage customers were food producers requiring cold chain warehousing, transportation, and logistics to meet demand, the company concentrated on automation and acquisition. In April 2013, the company received a $220 million loan, and acquired Seattle Cold Storage and a University Park, Illinois facility. In July 2021, Lineage partnered with 8VC logistics technology venture capital firm, to further invest in the transportation and logistics technology sector. warehouses, increasing the company's acquisitions to 72. In May 2021, Lineage acquired Crystal Creek e-commerce fulfillment logistics operator and its five U.S. In a March 2021 interview with Bloomberg, Lineage CEO Greg Lehmkuhl said the company is actively preparing its IPO. In 2021, Lineage was named on the CNBC Disruptor 50 list. In 2020, Lineage was included on Fortune magazine's annual "Change the World List". In 2019, Lineage was recognized by Fast Company as one of the world's 50 most innovative companies of 2019, including ranking #1 in its practice of data science. In 2018, Stonepeak Partners, D1 Capital Partners, and existing backers acquired minority stakes in the company valued at $700 million. The company then expanded into the temperature-controlled logistics markets in Australia, New Zealand, and Sri Lanka, in November 2019, with the acquisition of Emergent Cold, then into Canada, in July 2020, acquiring Ontario Refrigerated Services Inc. Lineage entered European markets in 2017, acquiring Partner Logistics, a large cold-chain storage supplier. īetween 20, Lineage Logistics was granted 15 U.S. Lineage subsequently moved its headquarters from Irvine, California to Novi, Michigan. In 2012, the company acquired Stanford Refrigerated Warehouses and Castle & Cooke Cold Storage Bill Hendricksen of Castle & Cooke then joined Lineage as CEO. Lineage Logistics was formed with the fifth-largest network of temperature-controlled warehouse facilities in North America, according to International Association of Refrigerated Warehouses (IARW) rankings, with 40 facilities in eight states, including near international ports at Savannah, Georgia, Seattle, Washington and Norfolk, Virginia warehouse management consulting and food processing support. The company then acquired CityIce, in 2009, and Flint River Services, in 2010, followed, in 2011, by Terminal Freezers of Santa Maria, California, and Richmond Cold Storage, purchased from Atlanta Equity founded in 1907 in Richmond, Virginia, the latter then become its earliest predecessor company. The company was founded in April 2012 by former Morgan Stanley investment bankers Kevin Marchetti and Adam Forste, who formed Bay Grove Capital, LLC, through the consolidation of acquired warehousing and logistics companies beginning, in December 2008, with the purchase of Seafreeze from Toyo Susian Kaisha. ![]() Lineage operates over 350 facilities with over 17,000 employees in 15 countries across North America, South America, Europe, Asia, Australia and New Zealand. Entering international markets in 2017, it grew into the world's largest refrigerated warehousing company, acquiring, by 2021, 72 other cold-chain storage companies and handling more than eight percent of the global food supply. Lineage Logistics is an international warehousing and logistics management company and an industrial real estate investment trust (REIT) owned by Bay Grove, LLC. ![]()
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