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Lineage (company)

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221: 1977: 38: 177: 160: 239:, owned by Bay Grove, LLC. Entering international markets in 2017, Lineage grew into the world's largest refrigerated warehousing company with a capacity exceeding 3 billion cubic feet and acquiring more than 100 companies through the end of 2023. Lineage operates over 450 facilities across 18 countries, with approximately 26,000 team members globally in North America, Europe, and Asia Pacific. 358:
temperature-controlled warehousing and logistics company in the world." In the same year, Lineage acquired Loop Cold Storage, Oneida Cold Storage & Warehouse, Murphy Overseas, and two facilities in Watsonville, California from Dreisbach Enterprises and in September 2014, opened a new temperature-controlled warehouse in Santa Maria, California.
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In 2022, Lineage facilitated donations of over 2.7 million pounds of food products from customers, issued almost $ 3 million in grants, and recorded over 5,000 volunteer hours via the Lineage Foundation for Good during its first year as a public charity. The same year, Lineage Hardship Fund launched
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In October 2021, Lineage announced the launch of Lineage Foundation for Good, the independent philanthropic arm of Lineage. The Foundation was created by a $ 3 million gift from Lineage to support the company's philanthropic efforts and support initiatives and organizations that align to its mission
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The Foundation has partnered with organizations including Feeding America and Global FoodBanking Network to help provide meals to those in need. In 2023, Lineage and the Foundation sponsored DC Central Kitchen's Capital Food Fight and partnered with Forgotten Harvest to supply nearly 12,000 metro
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During 2018, the company acquired 24 companies, including The Yearsley Group, the UK's largest Cold Storage and Haulage supplier, maintaining its second-largest status. The company also sold minority stakes worth $ 700 million. Company real estate holdings were estimated at $ 4 billion in value.
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Lineage is headquartered in Novi, Michigan, with additional offices around the world. It operates about 223 facilities in North America, including in 37 U.S. states, and warehouses in Australia, Belgium, Canada, China, Denmark, France, Germany, Italy, the Netherlands, New Zealand, Norway, Peru,
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By 2015, Lineage's facility network was ranked the second-largest in the world by the International Association of Refrigerated Warehouses. With 111 facilities in 21 states, Lineage also ranked as the second largest temperature-controlled warehousing and logistics company in the United States.
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The company was founded in April 2012 by former Morgan Stanley investment bankers Kevin Marchetti and Adam Forste, who formed Bay Grove Capital, LLC, through the consolidation of acquired warehousing and logistics companies beginning, in December 2008, with the purchase of Seafreeze from
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warehousing, transportation, and logistics; to meet demand, the company concentrated on automation and acquisition. In March 2014, the company agreed to purchase Millard Refrigerated Services for about $ 1 billion, its largest acquisition to date, making Lineage "the second-largest
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In January 2022, Lineage continued its expansion by acquiring Auscold Logistics in South Australia. In the same month, Lineage also acquired Van Tuyl Logistics, as well as individual locations from H&S Coldstores in Beneden-Leeuwen and Frigocare Rotterdam BV in Rotterdam.
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In May 2021, Lineage acquired Crystal Creek e-commerce fulfillment logistics operator and its five U.S. warehouses, increasing the company's acquisitions to 72. The same month, Lineage entered the Spanish marketplace, acquiring cold storage firm Frigorificos de Navarra of
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In March, Lineage further expanded its network by acquiring MTC Logistics, adding nearly 38 million cubic feet of capacity and more than 113,000 pallet positions in the United States and its presence at key ports along the U.S. East and Gulf Coasts.
471:-based UTI Forwarding, and also acquired Kloosterboer Group in Europe, and the cold storage division of Claus Sorensen Group in Denmark. In November 2021, Lineage expanded into the Italian cold storage market with the acquisition of Kantaro SRL. 384:, but the proposed location resulted in lawsuits from local residents, and Lineage scrapped the project in November 2017 "due to a change in customer needs", though the project had received unanimous approval from county commissioners in July. 488:
In August 2023, Lineage expanded its European network by acquiring Grupo Fuentes, a Spanish transport and cold store operator. In addition, Lineage strengthened its presence in northern Vietnam through a joint venture with SK Logistics.
426:, its largest competitor, in a deal reportedly worth over $ 1 billion, expanding Lineage to the world's largest facility network, with 1.3 billion cubic feet of storage in over 200 facilities across the United States, Europe, and Asia. 492:
In October 2023, Lineage acquired the warehousing and e-commerce assets of Burris Logistics. This deal included eight facilities across six states, adding nearly 1.3 million square feet to Lineage's network.
452:, with 14 cold storage facilities located mainly in Oregon and Washington, raising its employee roster to 16,000. This acquisition raised Lineage's global storage capacity to 50,660,000 m (1.789 429:
On May 22, 2020 Lineage acquired the distribution assets of one of the largest independent Food Distribution companies in the country for over 100 years, Maines Paper & Food, Inc, based in
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As of March 2024, Lineage has been granted over 75 patents registered across multiple jurisdictions, related to technological developments within the temperature-controlled logistics sector.
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that August, making Lineage the largest customized redistribution network in the United States. Two months later, it was reported that Lineage was considering locating a large facility at
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The company then expanded into the temperature-controlled logistics markets in Australia, New Zealand, and Sri Lanka, in November 2019, with the acquisition of Emergent Cold, then into
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to provide assistance to team members impacted by hardships, providing over $ 622,000 in 2022 to support 152 team members and their families through the Lineage Foundation for Good.
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Lineage entered European markets in 2017, acquiring Partner Logistics, a large cold-chain storage supplier. The company purchased facilities from American Cold Storage, in the
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In April, Lineage acquired VersaCold Logistics to expand its presence in Canada. Later in May, the company acquired Mandai Link Logistics to expand into Singapore.
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and global ambassador for the Foundation, to donate meals for every touchdown the quarterback threw and to provide meals to families in need during the holidays.
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In 2012, the company acquired Stanford Refrigerated Warehouses and Castle & Cooke Cold Storage; Bill Hendricksen of Castle & Cooke then joined Lineage as
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In July 2021, Lineage partnered with 8VC logistics technology venture capital firm, to further invest in the transportation and logistics technology sector.
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area warehouses from U.S. Growers Cold Storage, raising its employee roster to 7,200, with Lineage operating 120 temperature-controlled storage facilities.
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In January 2015, Lineage acquired the Pacific Northwest cold storage facilities of Columbia Colstor, headquartered in Moses Lake, Washington.
1727: 1412: 1121: 1973: 799: 1803: 881: 1489: 591: 1655: 327:) as its European logistics hub by opening a new 17,000 m (180,000 sq ft) state-of-the-art modern cold storage facility. 259:
Lineage was formed with the fifth-largest network of temperature-controlled warehouse facilities in North America in 2012, according to
1876:"Detroit Lions, Kroger, Lineage Foundation for Good tackle Detroit food insecurity this Thanksgiving with Gleaners Community Food Bank" 548: 1703: 855:"Lineage Logistics Raises $ 1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology" 1437: 1070: 731: 1851: 2312: 1107: 755: 2307: 1965: 1752: 1353: 786: 252:. The company then acquired CityIce, in 2009, and Flint River Services, in 2010, followed, in 2011, by Terminal Freezers of 1606: 646: 1230: 1413:"Cold-chain logistics giant Lineage's latest acquisition launches it into the booming online grocery shopping business" 485:
In August, Lineage acquired Cold Storage Nelson in New Zealand. This increased its presence in the Asia-Pacific area.
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On December 1, 2020, Lineage acquired Pago, a warehousing, distribution and transport logistics provider in Poland.
2297: 994: 365: 342:. Hendricksen was succeeded by W. Gregory Lehmkuhl, in July 2015. Lineage subsequently moved its headquarters from 787:
Shwanika Narayan. "Big Chunk of Vernon Cold Storage Changes Hands". Los Angeles Business Journal; December 8, 2017
882:"Joe Lonsdale's 8VC partners with Lineage Logistics to double down on transportation and warehousing investments" 1168: 2161: 278:
In a March 2021 interview with Bloomberg, Lineage CEO Greg Lehmkuhl said the company is actively preparing its
1097:"Lineage Logistics To Open LEED-Certified Cold Storage Facility In California", Food Logistics, Jan 23, 2014. 413:, D1 Capital Partners, and existing backers acquired minority stakes in the company valued at $ 700 million. 2016: 2011: 1996: 1199: 502:
and work towards innovative and sustainable solutions to help reduce food waste and fight food insecurity.
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Detroit households with holiday meal boxes. Also in 2023, the Foundation announced a new partnership with
148: 467:, Spain from Frioastur and, in June 2021, entered the European freight industry with its acquisition of 2091: 1958: 442: 854: 2026: 595: 350: 1680:"Lineage Logistics Announces Acquisition of Spanish Transport and Cold-Store Operator Grupo Fuentes" 2176: 2156: 2101: 2086: 2001: 388: 310: 349:
In April 2013, the company received a $ 220 million loan, and acquired Seattle Cold Storage and a
2241: 2211: 2191: 2186: 1389:"Lineage Logistics Enters the Polish Cold Storage Market With the Acquisition of Pago Sp. z o.o." 1075: 1014: 961: 418: 392: 279: 253: 2221: 1515:"Lineage Logistics enters the Italian cold storage market with the acquisition of Kantaro SRL" 1325:"Novi's Lineage Logistics Acquires Oregon's Henningsen Cold Storage Co., Expands Global Reach" 703: 2266: 2246: 1981: 1951: 592:"Lineage Logistics acquires eight Los Angeles area facilities from U.S. Growers Cold Storage" 377: 985:"California-based logistics firm to move to Novi", Crain's Detroit Business, March 23, 2017. 1298: 1173: 1126: 263:(IARW) rankings, with 40 facilities in eight states, including near international ports at 8: 2036: 1009: 956: 680: 268: 298:
In September 2020, Lineage raised $ 1.6 billion in equity for technology and expansion.
2151: 2041: 1900:"Detroit QB Touchdowns Equal Thousands of Meals Donated by Lineage Foundation for Good" 410: 369: 343: 302: 220: 96: 1200:"Was it public protest or business decision that halted controversial Olathe project?" 275:; as well as providing warehouse management, consulting, and food processing support. 2146: 2081: 907:"Lineage Expands its European Footprint with New State-Of-The-Art Facility in France" 430: 373: 272: 264: 66: 1539:"Lineage Logistics Expands through Auscold Logistics Acquisition in South Australia" 1042:"Lineage Logistics Expands Global Cold-Storage Space with $ 900 Million Acquisition" 364:
In May 2016, the company opened a $ 150 million temperature-controlled warehouse in
286:, raising around $ 4.5 billion, valuing the company at over $ 18 billion. 2251: 2061: 1204: 820:"Con-way's Lehmkuhl to join Lineage Logistics as CEO", JOC Group Inc. Jun 18, 2015. 449: 1827: 1150:"Lineage Logistics LLC purchases Consolidated Distribution Corporation", Aug 2016. 2166: 2136: 381: 1728:"Lineage Logistics buys eight cold storage facilities from Burris | DC Velocity" 1258:"Lineage Logistics enters Canada with Ontario Refrigerated Services acquisition" 1110:"Columbia Colstor acquired by California company", SunTribune, January 13, 2015. 995:
https://www.michiganbusiness.org/reports-data/success-stories/lineage-logistics/
2051: 2046: 2021: 2006: 1169:"Cold storage business seeking tax abatement to build at New Century AirCenter" 438: 423: 195: 110: 48: 1632:"Lineage Logistics in Novi Acquires Singapore Automated Cold Storage Facility" 676:"Cold-Storage Specialist Lineage Logistics Sells $ 700 Million Minority Stake" 2281: 2261: 2216: 2201: 2171: 2111: 1985: 1976: 515: 324: 123: 100: 56: 2116: 1923: 131: 2131: 2066: 434: 249: 37: 1438:"12 cold chain logistics startups heating up in the year of the vaccine" 353:
facility. By 2014, most Lineage customers were food producers requiring
282:(IPO). The company completed its IPO in July 2024 with a listing on the 2126: 2031: 957:"Cool Deal: Lineage Logistics Acquires Castle & Cooke Cold Storage" 511: 354: 169: 1010:"Lineage Logistics to Use $ 220M Loan to Refinance, Fuel Acquisitions" 527:
Poland, Singapore, Spain, Sri Lanka, the United Kingdom, and Vietnam.
2206: 2141: 2056: 1704:"Lineage Logistics enters joint venture with SK Logistics in Vietnam" 563:"Lineage Logistics acquires St. Joseph-based cold storage competitor" 468: 1490:"Lineage Logistics to Acquire Clause Sorensen Group's Cold Division" 2231: 2196: 2121: 2106: 1282: 1780:"Lineage Logistics launches nonprofit Lineage Foundation for Good" 1464:"Lineage Logistics closes deal to enter European freight industry" 800:"Logistics giant Lineage raises $ 4.44 bln in biggest IPO of 2024" 464: 2181: 2076: 831:"Lineage Raises $ 1.6 Billion Amid Demand Surge for Cold Storage" 301:
In March 2021, Lineage raised $ 1.9 billion in equity for global
1852:"Forgotten Harvest's Hope for the Holidays to Bring Food Relief" 1563:"Cold Storage Provider Lineage Acquires 3 Dutch Logistics Firms" 399: 320: 306: 283: 127: 62: 27:
International warehousing and logistics management corporation
2256: 2226: 2096: 2071: 402:, in July 2020, acquiring Ontario Refrigerated Services Inc. 1804:"Lineage Logistics releases inaugural sustainability report" 1071:"Lineage Logistics Reaches Deal to Buy Millard Refrigerated" 448:
In July, Lineage acquired Henningsen Cold Storage, based in
256:, and Richmond Cold Storage, purchased from Atlanta Equity. 2236: 647:"Lineage Logistics reported to be pursuing $ 30B-plus IPO" 235:) is the world's largest temperature-controlled warehouse 209: 732:"Lineage Logistics Buys Rival Preferred Freezer Services" 372:, then acquired Consolidated Distribution Corporation of 339: 144: 1753:"Lineage Logistics Buys 1.3 MSF Cold Storage Portfolio" 1231:"Lineage Logistics completes Emergent Cold acquisition" 549:"Lineage Raises $ 4.4 Billion in Year's Biggest IPO" 261:
International Association of Refrigerated Warehouses
319:In November 2023, Lineage expanded and established 932:"Patent Assignment Search - LINEAGE LOGISTICS LLC" 1656:"Cold Storage Nelson bought by Lineage Logistics" 2279: 1774: 1772: 1607:"Lineage Logistics acquires VersaCold Logistics" 1354:"2022 GCCA Global Cold Storage Capacity Report" 542: 540: 619: 496: 424:acquisition of Preferred Freezer Services LLC. 1959: 1769: 1166: 1068: 782: 780: 778: 547:Or, Amy; Lipschultz, Bailey (July 24, 2024). 333: 1197: 546: 537: 289: 756:"Built for This 2022 Sustainability Report" 2303:Transportation companies based in Michigan 1966: 1952: 1119: 775: 725: 723: 36: 1750: 1292: 1290: 2293:Logistics companies of the United States 1035: 1033: 954: 219: 2288:Transport companies established in 2012 1276: 720: 14: 2280: 1322: 1296: 1287: 1224: 1222: 813: 811: 809: 76:Warehousing and supply chain logistics 1947: 1487: 1351: 1347: 1345: 1039: 1030: 976: 641: 639: 1629: 1461: 1193: 1191: 1162: 1160: 1158: 1156: 1064: 1062: 797: 729: 670: 668: 666: 1249: 1219: 879: 806: 615: 613: 586: 584: 237:real estate investment trust (REIT) 24: 1342: 1228: 636: 620:Michael McCone (October 8, 2014). 25: 2324: 1255: 1198:Lynn Horsley (November 2, 2017). 1188: 1153: 1113: 1059: 1002: 948: 663: 622:"Spotlight on: Lineage Logistics" 1975: 1069:Dana Mattioli (March 12, 2014). 610: 581: 366:North Charleston, South Carolina 176: 175: 159: 158: 1916: 1892: 1868: 1844: 1820: 1796: 1744: 1720: 1696: 1672: 1648: 1623: 1599: 1583:"Lineage absorbs MTC Logistics" 1575: 1555: 1531: 1507: 1481: 1455: 1430: 1405: 1381: 1370:from the original on 2024-02-20 1316: 1141: 1101: 1090: 988: 924: 899: 873: 847: 823: 791: 2313:Companies listed on the Nasdaq 2162:Logistics Management Institute 1751:Kalinoski, Gail (2023-10-04). 1352:Salin, Victoria (2020-07-01). 1323:Marano, Zachary (2020-05-28). 1167:Roxie Hammill (May 26, 2017). 1040:Smith, Jennifer (2019-11-18). 748: 704:"2023 GCCA Global Top 25 List" 696: 555: 13: 1: 2308:2024 initial public offerings 1757:Commercial Property Executive 530: 521: 2017:American Letter Mail Company 2012:American Lamprecht Transport 1997:A-1 Express Delivery Service 798:Wang, Echo (July 24, 2024). 180:US$ −96 million (2023) 7: 1462:Nagl, Kurt (June 1, 2021). 1120:David Wren (May 31, 2016). 497:Lineage Foundation for Good 10: 2329: 2092:Farrow (customs brokerage) 1904:refrigeratedfrozenfood.com 1630:King, R. J. (2022-05-05). 1361:Global Cold Chain Alliance 1297:Keenan, Tim (2020-11-25). 955:Beina Xu (July 11, 2012). 443:Charleston, South Carolina 334:Acquisitions and expansion 242: 224:Lineage warehouse facility 2027:Associated Global Systems 1992: 596:Modern Materials Handling 351:University Park, Illinois 290:Operations and technology 204: 194: 184: 167: 154: 137: 117: 106: 80: 72: 54: 44: 35: 2177:Murphy Warehouse Company 2157:Livingston International 2102:Flagler Global Logistics 2087:Expeditors International 2002:Access America Transport 1494:Crain's Detroit Business 1468:Crain's Detroit Business 1283:"History", Bay Grove LLC 1148:Refrigerated Transporter 567:Crain's Detroit Business 311:research and development 2298:Supply chain management 2242:Total Quality Logistics 2212:Purolator International 2192:Ozburn-Hessey Logistics 2187:Navis Logistics Network 1076:The Wall Street Journal 1046:The Wall Street Journal 1015:The Wall Street Journal 962:The Wall Street Journal 422:reported the company's 419:The Wall Street Journal 393:Los Angeles, California 305:, facility expansions, 303:greenfield developments 280:initial public offering 254:Santa Maria, California 2222:Railway Express Agency 514:, quarterback for the 225: 200:Bay Grove Capital, LLC 163:US$ 5.3 billion (2023) 86:; 12 years ago 2267:Zipline International 2247:United Parcel Service 456:10 cu ft). 416:On February 25, 2019 378:New Century AirCenter 223: 1856:forgottenharvest.org 1832:dccentralkitchen.org 1392:www.businesswire.com 1174:The Kansas City Star 1127:The Post and Courier 911:www.businesswire.com 2037:BlueGrace Logistics 1828:"Donor List FY2023" 1442:businessinsider.com 1417:businessinsider.com 1122:"Chilling, at last" 730:Phillips, Erica E. 681:Wall Street Journal 346:to Novi, Michigan. 269:Seattle, Washington 186:Number of employees 84:April 18, 2012 32: 2152:Liquidity Services 1732:www.dcvelocity.com 1684:globaltrademag.com 1636:DBusiness Magazine 1611:www.dcvelocity.com 818:William B. Cassidy 598:. December 4, 2017 411:Stonepeak Partners 370:Port of Charleston 344:Irvine, California 250:Toyo Susian Kaisha 226: 97:Colton, California 30: 2275: 2274: 2147:Lineage Logistics 2082:Doorman (company) 1984:companies of the 1924:"Find a Facility" 1708:crainsdetroit.com 1488:Tulauskas, Jack. 998:Michigan Business 624:. Santa Maria Sun 551:. Bloomberg News. 431:Conklin, New York 374:Lombard, Illinois 273:Norfolk, Virginia 265:Savannah, Georgia 233:Lineage Logistics 218: 217: 18:Lineage Logistics 16:(Redirected from 2320: 2252:United Van Lines 2062:Crowley Maritime 1980: 1979: 1968: 1961: 1954: 1945: 1944: 1938: 1937: 1935: 1934: 1920: 1914: 1913: 1911: 1910: 1896: 1890: 1889: 1887: 1886: 1880:detroitlions.com 1872: 1866: 1865: 1863: 1862: 1848: 1842: 1841: 1839: 1838: 1824: 1818: 1817: 1815: 1814: 1800: 1794: 1793: 1791: 1790: 1776: 1767: 1766: 1764: 1763: 1748: 1742: 1741: 1739: 1738: 1724: 1718: 1717: 1715: 1714: 1700: 1694: 1693: 1691: 1690: 1676: 1670: 1669: 1667: 1666: 1652: 1646: 1645: 1643: 1642: 1627: 1621: 1620: 1618: 1617: 1603: 1597: 1596: 1594: 1593: 1579: 1573: 1572: 1570: 1569: 1559: 1553: 1552: 1550: 1549: 1535: 1529: 1528: 1526: 1525: 1511: 1505: 1504: 1502: 1500: 1485: 1479: 1478: 1476: 1474: 1459: 1453: 1452: 1450: 1448: 1434: 1428: 1427: 1425: 1423: 1409: 1403: 1402: 1400: 1399: 1385: 1379: 1378: 1376: 1375: 1369: 1358: 1349: 1340: 1339: 1337: 1335: 1320: 1314: 1313: 1311: 1309: 1294: 1285: 1280: 1274: 1273: 1271: 1269: 1262:Freightwaves.com 1253: 1247: 1246: 1244: 1242: 1235:Freightwaves.com 1226: 1217: 1216: 1214: 1212: 1205:Kansas City Star 1195: 1186: 1185: 1183: 1181: 1164: 1151: 1145: 1139: 1138: 1136: 1134: 1117: 1111: 1105: 1099: 1094: 1088: 1087: 1085: 1083: 1066: 1057: 1056: 1054: 1052: 1037: 1028: 1027: 1025: 1023: 1018:. 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Robinson 2044: 2039: 2034: 2029: 2024: 2022:Amtrak Express 2019: 2014: 2009: 2007:Air Cargo Inc. 2004: 1999: 1993: 1990: 1989: 1971: 1970: 1963: 1956: 1948: 1940: 1939: 1928:onelineage.com 1915: 1891: 1867: 1843: 1819: 1795: 1768: 1743: 1719: 1695: 1671: 1647: 1622: 1598: 1587:fleetowner.com 1574: 1554: 1530: 1506: 1480: 1454: 1429: 1404: 1380: 1341: 1315: 1286: 1275: 1264:. FreightWaves 1248: 1237:. 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Index

Lineage Logistics

Public
Traded as
Nasdaq
LINE
Colton, California
United States
Novi, Michigan
North America
Europe
Asia-Pacific
CEO
president
Net income
Parent
onelineage.com

real estate investment trust (REIT)
Toyo Susian Kaisha
Santa Maria, California
International Association of Refrigerated Warehouses
Savannah, Georgia
Seattle, Washington
Norfolk, Virginia
initial public offering
Nasdaq
greenfield developments
M&A
research and development

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