Lineage Logistics Acquires VersaCold Logistics from TorQuest Partners
Lineage Logistics, LLC announced it has signed a definitive agreement to acquire VersaCold Logistics Services, a leading cold chain solution provider in Canada, from TorQuest Partners and its co-investment partners, The Investment Management Corporation of Ontario and OPTrust. Financial terms of the transaction were not disclosed.
Founded in 1941, and headquartered in Vaughan, Ontario, VersaCold is a cold chain leader that runs 24 temperature-controlled facilities comprising 114 million cubic feet of storage and 361,000 pallet positions. Its strategically-positioned network spans nine provinces and includes properties in Canada’s most populous metropolitan markets—including Toronto, Calgary, Vancouver, Edmonton, and Montreal. VersaCold also offers an integrated, asset-based inbound and outbound temperature-controlled transportation solution that operates out of nine terminals across the country and provides coast-to-coast service capabilities.