M&A Deal Summary

Lineage Acquires Richmond Cold Storage

On April 18, 2012, Lineage acquired transportation company Richmond Cold Storage from Bay Grove

Acquisition Highlights
  • This is Lineage’s 2nd transaction in the Transportation sector.
  • This is Lineage’s 4th transaction in the United States.
  • This is Lineage’s 1st transaction in Virginia.

M&A Deal Summary
Date 2012-04-18
Target Richmond Cold Storage
Sector Transportation
Buyer(s) Lineage
Sellers(s) Bay Grove
Deal Type Merger

Target

Richmond Cold Storage

Richmond, Virginia, United States
Richmond Cold Storage Co. LLC is a provider of third-party temperature-controlled warehousing, distribution and logistical services for a multitude of food producers, processors, and distributors. These services are provided through dedicated and public distribution facilities that are developed around the customer's specific needs and requirements necessary to meet their supply chain objectives. Richmond Cold Storage Co. was founded in 1907 and is based in Richmond, Virginia.

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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 4 of 44
Sector (Transportation) 2 of 18
Type (Merger) 4 of 4
State (Virginia) 1 of 1
Country (United States) 4 of 27
Year (2012) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-18 CityIce Cold Storage

Seattle, Washington, United States

CityIce Cold Storage, Inc. provides a full range of cold storage services including racked and un-racked storage, blast freezing, rail/truck transloading, on-dock cold storage, direct vessel discharge, and adjacent custom seafood processing. CityIce Cold Storage is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-11 Castle & Cooke Cold Storage

Colton, California, United States

Castle & Cooke Cold Storage is a third-party warehousing logistics company headquartered in Colton, CA.

Buy -

Seller(S) 1

SELLER

Bay Grove

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Bay Grove is a private investment group principally focused on logistics and related assets. The Firm looks to build a long-term platform with a specific interest in temperature-controlled assets, technology-enabled logistics services, cold storage, and other related businesses. Bay Grove was formed in 2007 and is based in San Francisco, California.

DEAL STATS #
Overall 5 of 6
Sector (Transportation) 2 of 2
Type (Merger) 4 of 4
State (Virginia) 1 of 1
Country (United States) 5 of 6
Year (2012) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-18 CityIce Cold Storage

Seattle, Washington, United States

CityIce Cold Storage, Inc. provides a full range of cold storage services including racked and un-racked storage, blast freezing, rail/truck transloading, on-dock cold storage, direct vessel discharge, and adjacent custom seafood processing. CityIce Cold Storage is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-26 Lineage

Novi, Michigan, United States

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.

Sell -
Mergr

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