Divestiture • Real Estate

Lineage Acquires Van Soest Coldstores - Two Facilities

On September 18, 2019, Lineage acquired real estate company Van Soest Coldstores - Two Facilities from Van Soest Coldstores

Acquisition Context
  • This is Lineage’s 8th transaction in the Real Estate sector.
  • This is Lineage’s 1st transaction in Belgium.

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M&A Deal Summary

Date September 18, 2019
Target Van Soest Coldstores - Two Facilities
Sector Real Estate
Buyer(s) Lineage
Sellers(s) Van Soest Coldstores
Deal Type Divestiture

Target Company

Van Soest Coldstores - Two Facilities

Rijkevorsel, Belgium
Van Soest Coldstores' Two Facilities is a provider of cold storage services in Venlo, Netherlands, and Rijkevorsel, Belgium.
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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 20 of 47
Sector: Real Estate 8 of 19
Type: Divestiture 3 of 7
Country: Belgium 1 of 2
Year: 2019 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Preferred Freezer Services

Chatham, New Jersey, United States

Preferred Freezer Services is an operator of state-of-the-art, full-service refrigerated warehouses providing storage primarily for specialty frozen seafood. The company operates twelve facilities in five metropolitan areas and ranks as the 7th largest refrigerated warehouse company in North America. The company has over 1,900 clients, consisting of seafood importers and distributors and frozen food manufacturers and distributors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Emergent Cold

Dallas, Texas, United States

Emergent Cold provides distribution solutions to the global cold chain. Emergent Cold offers temperature-controlled service providers in the southern hemisphere. Emergent Cold was founded in 2017 and is based in Dallas, Texas.

Buy -

Seller Profile 1

SELLER

Van Soest Coldstores

Rijkevorsel, Belgium

Category Company
Founded 1984
Sector Transportation
DESCRIPTION

Van Soest Coldstores is an organization specializing in the storage and transfer of cooled and deep-frozen food products. Van Soest Coldstores was founded in 1984 and is based in Rijkevorsel, Belgium.


Deal Context for Seller #
Overall 1 of 1
Sector: Real Estate 1 of 1
Type: Divestiture 1 of 1
Country: Belgium 1 of 1
Year: 2019 1 of 1

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