San Francisco, CA, US: Investment firm Bay Grove Capital has formed Lineage Logistics, the new name for the consolidated warehousing and logistics company combining each of the businesses acquired by Bay Grove: Richmond Cold Storage, Terminal Freezers, Flint River Services, CityIce, and Seafreeze, as well as other individual locations.
Lineage offers cold chain solutions for customers with complex storage and service requirements. It has 40 facilities with 3.7m cubic metres of storage and is the fifth largest facility network in North America based on data from the International Association of Refrigerated Warehouses.
“The launch of Lineage joins great companies under a single banner and establishes an even more dynamic company for the future,” said Kevin Marchetti, managing director of Bay Grove. “We are at the beginning of the Lineage story and we will continue to grow and evolve.”
“Lineage is built on what it means to be family-owned,” said Tim Dayton, West Coast President of Lineage. “We are devoted, have pride of ownership and have a singular focus on doing the best for our customers.”
“Our entire team is excited to unite as Lineage,” said Mike McClendon, East Coast President of Lineage. “We look forward to further strengthening our culture of success and core values regardless of our reach.”
Lineage Logistics Lineage was founded in 2011 through the combination of five premier, temperature-controlled warehousing companies, some of whose roots date back to the early 1900s. Today, all these companies are unified with a shared vision of being the premier national supply chain logistics company. Lineage is continually seeking ways to expand its platform for customers by adding new services and facilities.
Grove Capital Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in growing, cash-flow positive businesses. Bay Grove has deep experience in the warehousing and logistics industries and also seeks to make long-term investments in other attractive sectors.