Lineage Logistics

Lineage Logistics LLC, a refrigerated warehouse giant backed by the Bay Grove private equity firm, has picked up Consolidated Distribution Corp., a third-party logistics and re-distribution company. The acquisition makes Lineage Logistics the largest customized re-distribution network in the U.S., according to the company.

Consolidated Distribution, based in Lombard, Illinois, and founded in 1990, serves quick-serve, fast-casual and casual-dining restaurants, as well as retail and manufacturing businesses, with multi-temperature warehouses in Illinois, Georgia and Texas. Lineage Logistics has more than 600 million cubic feet of space at 113 warehouses in 22 states--the second largest refrigerated warehouse network globally, according to the company. The company’s clients include food, retail, agriculture and distribution companies.

Bay Grove, based in San Francisco, acquired Lineage Logistics in 2008 and built the company through 17 acquisitions and investments before the Consolidated deal. Lineage Logistics is the firm’s sole platform company, and according to the Bay Grove website, the firm is in the “early innings” of its plans to build the company. Financial terms of the Consolidated acquisition were not disclosed.

Recent warehousing and logistics M&A deals have included NFI, a trucking and warehouse provider, acquiring United Express, a broker of freight hauling services. Warburg Pincus, the private equity firm, agreed to take a minority stake in BlueGrace Logistics to help the transportation logistics company expand. And American Fast Freight Inc., a logistics company backed by the Jordan Co., acquired Global Transportation Services Inc.


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