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M&A Deal Summary

Lineage Acquires Terminal Freezers

On April 18, 2012, Lineage acquired real estate company Terminal Freezers from Bay Grove

Acquisition Highlights
  • This is Lineage’s 2nd transaction in the Real Estate sector.
  • This is Lineage’s 4th transaction in the United States.
  • This is Lineage’s 2nd transaction in Washington.

M&A Deal Summary
Date 2012-04-18
Target Terminal Freezers
Sector Real Estate
Buyer(s) Lineage
Sellers(s) Bay Grove
Deal Type Merger

Target

Terminal Freezers

Burlington, Washington, United States
Terminal Freezers operates food production cold storage that provides over 32 million cubic feet of temperature-controlled space and offers a full complement of warehousing services including blast freezing, handling, storage, and processing space. Terminal Freezers was founded in 1984 and is based in Burlington, Washington.

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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 4 of 47
Sector: Real Estate M&A 2 of 19
Type: Merger M&A Deals 4 of 4
State: Washington M&A 2 of 5
Country: United States M&A 4 of 28
Year: 2012 M&A 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

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: Real Estate M&A 2 of 3
Type: Merger M&A Deals 4 of 4
State: Washington M&A 2 of 2
Country: United States M&A 5 of 6
Year: 2012 M&A 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 -
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