Lineage Logistics receives $700M investment from Stonepeak Infrastructure Partners, D1 Capital Partners, current investors
Lineage reimagines the world’s food supply chain by bringing best-in-class technologies to a vital food infrastructure.
Lineage Logistics, LLC, a Colton, Calif.-based warehousing and logistics company sponsored by Bay Grove Capital LLC, San Francisco, announced the $700 million acquisition of a significant minority ownership interest in the company. The organizations investing in Lineage include funds managed by Stonepeak Partners LP, New York; D1 Capital Partners, New York; and current investors.
As a result, Luke Taylor, Stonepeak’s senior managing director, and James Wyper, principal, will join Lineage’s board of directors.