Lineage Logistics, LLC, a Colton, Calif.-based warehousing and logistics company sponsored by Bay Grove Capital LLC, San Francisco, acquired Partner Logistics, a European cold storage provider. The transaction marks the first international acquisition by Lineage, and represents significant growth in the company’s warehouse automation strategy.
“This transaction is a great opportunity for our company and our customers,” says Duco Buijze, chief executive officer of Partner Logistics. “We are excited to join Lineage and to increase the resources we have for growth and to expand our service offerings.”
With this acquisition, Lineage adds over 101 million cubic feet of temperature-controlled capacity and expands its operations to include six state-of-the-art, fully automated warehouses and one conventional warehouse in the Netherlands, Belgium and the United Kingdom. Headquartered in Netherland’s Bergen op Zoom, Partner’s network of cold storage facilities has a total capacity of over 500,000 pallets.
“Our acquisition of Partner Logistics represents Lineage’s ongoing commitment to serving our customers’ global supply chains by delivering dynamic, sophisticated cold chain logistics solutions,” says Greg Lehmkuhl, Lineage’s president and CEO. “We are thrilled to welcome the Partner team, and are confident their incredible industry expertise, particularly in automation, will accelerate Lineage as a thought leader in this area with existing and new customers.”
The deal marks an important step in company’s broader automation strategy, which has been in development for over three years.
“The vision of Lineage Logistics is to be the world’s most dynamic temperature-controlled logistics company, and our expansion into Europe is a significant milestone in achieving that goal,” says Adam Forste, managing partner at Bay Grove. “This transaction also highlights our commitment to automation as a critical pillar of our growth strategy globally.”