Lineage Logistics, a warehousing and logistics company backed by Bay Grove, has completed the acquisition of Loop Cold Storage, Oneida Cold Storage, and Millard Refrigerated Services, which was previously announced in March.
With these three acquisitions, Lineage expands its national cold storage footprint to more than 544 million cubic feet and a facility network of 102 facilities in 21 states. Financial terms of the transactions were not disclosed.
Based in McAllen TX, Loop has the largest cold storage operation on the US-Mexico border servicing imports of fruits and vegetables and specializing in the international produce trade. In addition to cold storage services, Loop provides packaging and cooler services for produce distributors. Former owner John McGuire has joined Lineage’s management team as vice-president of Fresh Business to focus on developing Lineage’s fresh services segment.
Headquartered in Henderson CO, Oneida is the largest cold storage provider in the Denver metropolitan area. At more than 400,000 square feet, Oneida’s facility provides a variety of services including custom freezing programs, multi-temperature storage, tempering services, and retail distribution solutions.
Founded in 1963 in Omaha NE, Millard is the third-largest temperature-controlled warehousing and logistics company in North America. It serves the US food industry through a network of 30 regional temperature-controlled warehouse and distribution facilities. Go to www.millardref.com for further information.
“The addition of Millard, Loop, and Oneida represents another transformational moment for Lineage and continues our long-term strategy to build the leader in temperature-controlled logistics,” said Kevin Marchetti, managing director of Bay Grove.
Lineage Logistics is one of the largest temperature-controlled warehousing and logistics companies in the world. The company was founded through the combination of temperature-controlled warehousing companies, some of whose roots date back to the early 1900s. For more information, access www.lineagelogistics.com.
Based in San Francisco CA, Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. Access www.bay-grove.com for full details.