Investment Criteria
Bay Grove's core focus today is building the Lineage Logistics platform. We are always looking for other great companies in the cold storage industry in the U.S. and overseas to bring into the Lineage family. We are also looking at ancillary businesses to cold storage that broadly participate in the temperature-controlled logistics space.
Cold Storage Criteria
Types of Businesses
Preferably companies that own their own real estate and are actively engaged in servicing customers
Companies with customers in the food / perishable product and pharmaceutical sectors
Size Criteria
Facilities with greater than 100,000 sq. ft. and preferably greater than 200,000 sq. ft.
Companies with EBITDA of greater than $2.5 million and preferably greater than $5 million
Real Estate Criteria
Types of Buildings and Assets
Distribution facilities and cold storage buildings in strong core markets
Cold storage, industrial and logistics buildings with existing tenants
Food production facilities with active users
Types of Transactions
Purchases
Sale-Leasebacks
Build-to-Suit
Size Criteria
Facilities with greater than 100,000 sq. ft. and preferably greater than 200,000 sq. ft.
Transaction values of $10 million and preferably greater than $20 million
Temperature-Controlled Logistics Criteria
Types of Businesses
Transportation brokerage (not interested in trucking companies with leased or owned assets)
Customs brokerage with a majority of their revenue from frozen or refrigerated cargoes
Freight forwarders with a majority of their revenue from frozen or refrigerated cargoes
Value added suppliers with a majority of their revenue from frozen or refrigerated products
Intermodal solution providers
Size Criteria
Companies with EBITDA of greater than $1 million and preferably greater than $3 million
Technology-Enabled Logistics Criteria
Types of Businesses
Technology companies operating in the logistics industry
Supply chain systems and platforms
Resource management and optimization tools
Analytics and big data solutions
Size Criteria
Preferably revenue generating companies