M&A Deal Summary

Lineage Acquires Mandai

On May 4, 2022, Lineage acquired transportation company Mandai

Acquisition Highlights
  • This is Lineage’s 17th transaction in the Transportation sector.
  • This is Lineage’s 1st transaction in Singapore.

M&A Deal Summary

Date 2022-05-04
Target Mandai
Sector Transportation
Buyer(s) Lineage
Deal Type Add-on Acquisition

Target

Mandai

Singapore, Singapore
Mandai provides a one-stop hub for refrigerated food distribution with a full range of solutions including procurement, transport and warehousing. It has a fleet of refrigerated trucks and has a facility that can house 28,000 pallets. Mandai was founded in 2006 and is based in Singapore.

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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 41 of 47
Sector: Transportation M&A 17 of 20
Type: Add-on Acquisition M&A Deals 30 of 36
Country: Singapore M&A 1 of 1
Year: 2022 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 VersaCold Logistics Services

Vaughan, Ontario, Canada

VersaCold Logistics Services is a supply chain solutions company focused exclusively on the handling of temperature-sensitive food products. The company delivers a suite of fully integrated logistics services through its national network of industry-leading facilities, transportation fleet, and advanced technologies that set the benchmark for accessibility, information visualization, real-time tracking and inventory management. VersaCold was formed in 1946 and is based in Vaughan, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Turvo

San Mateo, California, United States

Turvo is a real-time collaborative logistics platform. Turvo platform connects people and organizations across the supply chain, allowing shippers, logistics providers, and carriers to work together in real-time through cloud-based software and mobile applications. Turvo was founded in 2014 ad is based in San Mateo, California.

Buy -