M&A Deal Summary

Lineage Acquires Ontario Refrigerated Services

On July 23, 2020, Lineage acquired real estate company Ontario Refrigerated Services

Acquisition Highlights
  • This is Lineage’s 9th transaction in the Real Estate sector.
  • This is Lineage’s 1st transaction in Canada.
  • This is Lineage’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-07-23
Target Ontario Refrigerated Services
Sector Real Estate
Buyer(s) Lineage
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Lineage

Novi, Michigan, United States
Category Company
Founded 2012
Sector Real Estate
Revenue 5.3B USD (2023)
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 24 of 44
Sector (Real Estate) 9 of 18
Type (Add-on Acquisition) 16 of 33
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2020) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-28 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-11 Allied Frozen Storage

Brockport, New York, United States

Allied Frozen Storage, Inc. is a provider of logistic storage services. Allied Frozen Storage was founded in 1983 and is based in Brockport, New York.

Buy -
Mergr

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