Lineage Logistics Completes the Acquisitions of Loop Cold Storage, Oneida Cold Storage, and Millard Refrigerated Services

Colton, CA, May 12, 2014 - Lineage Logistics (“Lineage”), a warehousing and logistics company backed by Bay Grove, announced today that it has completed the acquisition of Loop Cold Storage (“Loop”), Oneida Cold Storage (“Oneida”) and Millard Refrigerated Services (“Millard”), which was previously announced in March. With these three acquisitions, Lineage expands its national cold storage footprint to over 544 million cubic feet and a facility network of 102 facilities in 21 states. Financial terms of the transactions were not disclosed. 

Based in McAllen, TX, Loop has the largest cold storage operation on the U.S.-Mexico border servicing the imports of fruits and vegetables and specializing in the international produce trade. In addition to cold storage services, Loop provides value-added packaging and cooler services for produce distributors. Former owner John McGuire has joined Lineage’s management team as VP of Fresh Business to focus on developing Lineage’s fresh services segment.

Headquartered in Henderson, CO, Oneida is the largest cold storage provider in the Denver metropolitan area. At over 400,000 square feet, Oneida’s state-of-the-art facility provides customers with a variety of services including custom freezing programs, multi-temperature storage, tempering services, and retail distribution solutions.

“The addition of Millard, Loop, and Oneida represent another transformational moment for Lineage and continues our long-term strategy to build the leader in temperature controlled logistics”, said Kevin Marchetti, Managing Director of Bay Grove.

“We are thrilled to officially welcome the newest members to the Lineage family,” said Bill Hendricksen, CEO of Lineage Logistics. “We look forward to continuing our commitment to our customers by offering innovative, creative, and customizable logistics solutions as a unified organization.”

Lineage Logistics to Acquire Millard Refrigerated Services

Combination of Two Leading Refrigerated Warehousing Companies in North America Creates a Service Innovator 

Colton, CA, March 12, 2014 - Lineage Logistics (“Lineage”), a warehousing and logistics portfolio company of Bay Grove, has signed a definitive agreement to purchase Millard Refrigerated Services (“Millard”), a national third-party warehousing and logistics company headquartered in Omaha, NE. With the acquisition of Millard, Lineage will expand its network by 30 strategic locations and increase its footprint to more than 21 million total square feet and more than 518 million cubic feet of cold storage capacity. 

The combination of Lineage and Millard will immediately double the size of Lineage’s business and create the second largest refrigerated warehouse network globally, based on data from the International Association of Refrigerated Warehouses. Financial terms of the transaction were not disclosed. The deal is expected to close within the next 30 days. 

“Bringing Millard into the Lineage family will give us additional scale to support our growth and increase our investment in innovative technology, logistics offerings and our facilities, while adding talented management to our team. As a result, our customers will have unparalleled geographic and service capabilities in major logistics centers throughout the country with individually-designed solutions to fit their needs,” said Lineage CEO Bill Hendricksen. “Millard’s highly reputable operations and dedicated focus on service makes the company a great fit for Lineage.” 

Millard’s CEO and owner, Lance Larsen, will become a Board member of and investor in Lineage. “Lineage’s leadership team is highly experienced and the ideal partner to continue growing Millard’s legacy,” said Larsen. “This is a terrific opportunity for all employees and customers to work with an exceptional company.”

“By acquiring Millard, we are executing on our long-term strategy to grow Lineage by adding a great family-owned company with deep entrepreneurial roots, values and culture,” said Kevin Marchetti, Managing Director of Bay Grove. “The Lineage vision started with the acquisition of one warehouse in 2008 and has now resulted in the combination of two acknowledged leaders in the industry. We are proud of the fact that every former owner supports our vision and has chosen to remain an active investor in Lineage. The Larsen family has built a world class company and we are honored to be the stewards of the business for the future.”

Larry Larsen founded Millard in 1963 to serve the American food industry in the Midwest. Since then, the family-owned and operated company has grown its network to 30 facilities across the United States totaling 228 million cubic feet of capacity. In addition to cold storage distribution and warehousing, Millard also provides customers with a wide variety of value-added food logistics services including transportation, high pressure processing and food manufacturing.

Marchetti concluded, “With over four billion cubic feet of refrigerated warehousing in the United States, cold chain storage is the core of our domestic food distribution infrastructure. With the addition of Millard, Lineage will become a much larger operator in this growth industry, greatly expanding the number of markets we can serve.”

Lineage Logistics Acquires Seattle Cold Storage

Colton, CA and Algona, WA, April 3, 2013 – Lineage Logistics ("Lineage"), a warehousing and logistics company sponsored by Bay Grove Capital LLC (“Bay Grove”), announced today that it has acquired the assets of Seattle Cold Storage (“SCS” or the “Company”) and its facilities located in the Port of Tacoma and Algona, WA.