M&A Deal Summary

Lineage Acquires Consolidated Distribution

On August 18, 2016, Lineage acquired transportation company Consolidated Distribution from Marquette Capital Partners, BrightPath Capital and Titan Equity Partners

Acquisition Highlights
  • This is Lineage’s 5th transaction in the Transportation sector.
  • This is Lineage’s 14th transaction in the United States.
  • This is Lineage’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2016-08-18
Target Consolidated Distribution
Sector Transportation
Buyer(s) Lineage
Sellers(s) Marquette Capital Partners
BrightPath Capital
Titan Equity Partners
Deal Type Add-on Acquisition

Target

Consolidated Distribution

Lemont, Illinois, United States
Consolidated Distribution Corporation LLC is a foodservice supply chain logistics company serving the quick-serve, fast-casual and casual-dining restaurant, manufacturing and retail industries.

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Buyer(S) 1

Buyer

Lineage

Novi, Michigan, United States

Category Company
Founded 2012
Sector Real Estate
Employees26,000
Revenue 5.3B USD (2024)
DESCRIPTION

Lineage is a warehousing and logistics company built to deliver sophisticated, customized, and dependable cold supply solutions for a variety of customers worldwide. Lineage was founded in 2012 and is based in Novi, Michigan.


DEAL STATS #
Overall 14 of 47
Sector (Transportation) 5 of 20
Type (Add-on Acquisition) 9 of 36
State (Illinois) 2 of 3
Country (United States) 14 of 28
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-09 Columbia Colstor

Moses Lake, Washington, United States

Columbia Colstor, Inc. is a third-party warehousing and logistics company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-15 Partner Logistics

Bergen op Zoom, Netherlands

Partner Logistics is a cold storage provider and world’s largest automated cold storage company. Partner Logistics is based in Bergen Op Zoom, Netherlands.

Buy -

Seller(S) 3

SELLER

Marquette Capital Partners

St. Louis Park, Minnesota, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 258M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marquette Capital Partners (MCP) is a private investment focused on junior capital investments in mature lower-middle market companies. MCP looks to invest $2 to $10 million per transaction to support growth, recapitalization, or change of control transactions. Prospective companies are typically manufacturers of consumer or industrial products, value-added distributors, business to business service companies, and retail businesses. MCP will not invest in start-ups, early stage venture capital, or real estate businesses. The firm is an affiliate of Marquette Financial Companies, a multibillion dollar financial services firm. Marquette Capital Partners was formed in 1997 and is based in Minneapolis, Minnesota, with an additional office in Chicago, Illinois.


DEAL STATS #
Overall 16 of 17
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (Illinois) 1 of 1
Country (United States) 16 of 17
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Paramount Building Solutions

Phoenix, Arizona, United States

Paramount Building Solutions is a provider of outsourced janitorial services to the retail industry. Paramount Building Solutions currently services over 1,700 individual store locations throughout the United States. Paramount Building Solutions was founded in 2003 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Indigo Signs

Fargo, North Dakota, United States

Indigo Signs is a provider of custom-made exterior and interior signage, offering a wide suite of services, including design, manufacturing, installation, and maintenance to a diverse customer base. Indigo Signs was founded in 1996 and is based in Fargo, North Dakota.

Buy -
SELLER

BrightPath Capital

Indianapolis, Indiana, United States

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

BrightPath Capital, Inc. is a private equity firm that targets investments in small to mid-sized businesses. BrightPath will consider opportunities across the US, however the Firm primarily focuses on companies in the Midwest. Target businesses generally possess recurring/predictable cash-flows, low technology risk, strong/defensible market positions, and proven management. The Firm looks to invest $1 to $5 million in companies with at least $3 million in revenues and $500,000 in EBITDA. BrightPath is a generalist investor, however the Firm will not invest in high tech, retail, and restaurants. Prospective transaction types include MBOs, growth financings, acquisition financings, and recapitalizations. BrightPath Capital was formed in 2005 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-04 Grand River Aseptic Manufacturing

Grand Rapids, Michigan, United States

Grand River Aseptic Manufacturing is a parenteral contract, development and manufacturing organization (“CDMO”) focused on the development, manufacture and finishing of parenteral pharmaceuticals. GRAM focuses on partnering with its pharmaceutical and biopharmaceutical customers to provide full life cycle aseptic solutions from development through commercialization. Grand River Aseptic Manufacturing was founded in 2010 and is based in Grand Rapids, Michigan.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Grand River Aseptic Manufacturing

Grand Rapids, Michigan, United States

Grand River Aseptic Manufacturing is a parenteral contract, development and manufacturing organization (“CDMO”) focused on the development, manufacture and finishing of parenteral pharmaceuticals. GRAM focuses on partnering with its pharmaceutical and biopharmaceutical customers to provide full life cycle aseptic solutions from development through commercialization. Grand River Aseptic Manufacturing was founded in 2010 and is based in Grand Rapids, Michigan.

Sell -
SELLER

Titan Equity Partners

Chicago, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1990
Size Small
Type Sector Agnostic
DESCRIPTION

Titan Equity Partners LLC is a private investment firm that specializes in buyouts, corporate spin-offs and recapitalizations. The Firm targets growth companies with defensible market positions. Titan looks to invests $2 to $10 million in companies with more than $100 million in sales and $2 million of EBITDA. Target sectors include include consumer products, food, specialty distribution, and 'unique' services. Titan Equity Partners LLC is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 ArcMail Technology

Bossier City, Louisiana, United States

ArcMail Technology is a provider of enterprise information and email archiving solutions for businesses of all sizes across a wide range of vertical markets. ArcMail offers a full array of solutions with broad deployment options that support a wide range of content types from various sources.

Sell -