Lineage Logistics Acquires 2 Cold Storage Facilities
Lineage Logistics, a Colton, Calif.-based warehousing and logistics company sponsored by Bay Grove Capital LLC, San Francisco, acquired two cold storage facilities—in Parajo and Hilltop, Calif.—from Dreisbach Enterprises, Oakland, Calif. With the addition of these two operations, Lineage Logistics now operates four warehouses in the Watsonville region, creating increased storage flexibility and value-added services for its customers. Additionally, Lineage Logistics’ national footprint now comprises over 550 million cubic feet across 104 facilities in 21 states. Financial terms of the transactions were not disclosed.
The acquired warehouses encompass 201,000 square feet of refrigerated storage space and offer a breadth of services, including blast freezing, for the region’s strawberry and seafood industries. The Dreisbach operations team will join Lineage Logistics and work in conjunction with the broader Lineage Watsonville team to support customer needs in the market. Dreisbach Enterprises, under president Jason Dreisbach, will continue operating its Oakland and Richmond facilities, in addition to its logistics solutions, as a separate entity.
“We have established great customer relationships and operational familiarity in Watsonville, so this acquisition to enhance local capacity aligns our goals to grow and provide more benefits to our customers,” says Kevin Marchetti, managing director of Bay Grove Capital. “The Dreisbach family has been a tremendous partner, and we look forward to future endeavors between our two companies.”
“This opportunity will allow Dreisbach Enterprises to strengthen our Bay Area presence and continue to expand our logistics business nationwide,” adds Dreisbach. “The Bay Grove and the Lineage team have been an exciting group to work with, and we are confident they will continue to provide superior service to our Watsonville customers. We believe this is just the beginning of a long and successful relationship with Lineage.”