M&A Deal Summary

Lineage Logistics Acquires Henningsen Cold Storage

On May 28, 2020, Lineage Logistics acquired transportation company Henningsen Cold Storage

Acquisition Highlights
  • This is Lineage Logistics’ 9th transaction in the Transportation sector.
  • This is Lineage Logistics’ 1st transaction in France.
  • This is Lineage Logistics’ 1st transaction in Oregon.

M&A Deal Summary
Date 2020-05-28
Target Henningsen Cold Storage
Sector Transportation
Buyer(s) Lineage Logistics
Deal Type Add-on Acquisition
Advisor(s) BofA Securities (Financial)
Schwabe, Williamson & Wyatt P.C. (Legal)

Target

Henningsen Cold Storage

Hillsboro, Oregon, France
Henningsen is a professionally managed, multi-generational family-owned company that is committed to delivering quality, reliable service, and solutions to make lives easier for its customers and associates. Henningsen’s commitment also extends to leading the industry in associate and food safety, energy efficiency, and refrigeration technologies. Henningsen was formed in 1923 and is based in Hillsboro, Oregon.

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Buyer(S) 1

Buyer

Lineage Logistics

Novi, Michigan, United States

website

Category Company
Founded 2012
Sector Transportation
DESCRIPTION

Lineage Logistics is an operator of warehousing and logistics company built to deliver sophisticated, customized, and dependable cold chain solutions. Lineage Logistics was founded in 2012 and is based in Novi, Michigan.

DEAL STATS #
Overall 23 of 44
Sector (Transportation) 9 of 18
Type (Add-on Acquisition) 15 of 33
State (Oregon) 1 of 1
Country (France) 1 of 1
Year (2020) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-20 Maines Paper & Food Service - QSR and Casual Dining Distribution Business

New York, United States

Maines Paper & Food Service, Inc. - QSR and Casual Dining Distribution Business provides end-to-end supply chain solutions in the quick-serve restaurant.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-23 Ontario Refrigerated Services

Ingersoll, Ontario, Canada

Ontario Refrigerated Services is a family-based cold storage business that was started in 2003 by Roger and Kate Kropf, serving food customers with temperature-controlled logistics expertise in the Greater Toronto market. Starting with just two 32,000 square foot freezers, ORS has grown to encompass 500,000+ square feet, which includes 11 freezers and 5 coolers, totaling over 16 million cubic feet of capacity.

Buy -
Mergr

Product

Company

Legal