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Divestiture • Real Estate

Lineage Acquires U.S. Growers Cold Storage - Eight Temperature-Controlled Warehouses

On November 28, 2017, Lineage acquired real estate company U.S. Growers Cold Storage - Eight Temperature-Controlled Warehouses from U.S. Growers Cold Storage

Acquisition Context
  • This is Lineage’s 6th transaction in the Real Estate sector.
  • This is Lineage’s 15th transaction in the United States.

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M&A Deal Summary
Date November 28, 2017
Target U.S. Growers Cold Storage - Eight Temperature-Controlled Warehouses
Sector Real Estate
Buyer(s) Lineage
Sellers(s) U.S. Growers Cold Storage
Deal Type Divestiture

Target Company

U.S. Growers Cold Storage - Eight Temperature-Controlled Warehouses

United States
U.S. Growers Cold Storage, Inc. - Eight Temperature-Controlled Warehouses encompass over 12 million cubic feet of capacity in the Los Angeles area and are accessible to Southern California’s major freeways, rail facilities and ocean container terminals, including the 250,000 square-foot transload facility Lineage operates in the Port of Long Beach’s overweight corridor. With the acquisition, Lineage strengthens its ability to customize high-impact supply chain solutions for customers by leveraging its expanded Southern California facility network of over 20 locations.
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Buyer Overview 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 Context for Buyer #
Overall 16 of 47
Sector: Real Estate 6 of 19
Type: Divestiture 2 of 7
Country: United States 15 of 28
Year: 2017 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Service Cold Storage

Stevens Point, Wisconsin, United States

Service Cold Storage offers the most modern, state-of-the-art, temperature-controlled warehouse in Wisconsin. We specialize in developing partnership programs customized to meet any company's logistical needs.

Buy -

Seller Profile 1

SELLER

U.S. Growers Cold Storage

Los Angeles, California, United States
Category Company
Sector Real Estate
DESCRIPTION

U.S. Growers Cold Storage, Inc. offer customized services to fit your individualized needs. Company have state of the art facilities with various storage capabilities: frozen, chilled and dry. Company can also customize services to meet your individual needs.

Deal Context for Seller #
Overall 1 of 1
Sector: Real Estate 1 of 1
Type: Divestiture 1 of 1
Country: United States 1 of 1
Year: 2017 1 of 1

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