Lineage Logistics raised $1.6 billion in new equity for business growth and to continue its investment in technology and automation, according to a Tuesday press release. “Serving as an observer on Lineage’s board for the past six months, I saw first-hand the Company’s extraordinary ability to continue to grow – both organically and through acquisitions – without missing a beat – despite the ongoing pandemic.”, Lineage is the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider. Additionally, the new equity will be deployed, in part, to fund greenfield development and facility expansion projects in its North American, European and Asian-Pacific operating regions. Lineage Logistics heralds $1.9 billion in new equity funding round Novi, Mich.-based Lineage Logistics, the largest global temperature-controlled industrial REIT and logistics services provider, said today that it has raised $1.9 billion in equity from new and existing strategic partners, which brings the total equity it has raised, going back to 2020, to $4.3 billion. Lineage – which has 13 patents and a. , a fully-integrated customer experience platform which provides unprecedented visibility and collaboration across its customers’ supply chains. We are Lineage, let's talk. In recognition of the company’s leading innovations, Lineage was recognized as the No 1. Bay Grove is based in San Francisco. The firm has deep experience in the warehousing and logistics industry and also seeks to make investments in other attractive sectors. Lineage has grown its cubic feet by 60% annually since 2008 to 2.1 billion cubic feet, making it the largest global temperature-controlled industrial REIT. (. Lists ranking Lineage Logistics. Led by a set of world-class investors, Lineage’s latest equity raise is the largest funding round since its founding in 2008 and brings the total equity raised since January 2020 to $4.3 billion, Company also transforms its capital structure with a new $2.8 billion corporate credit facility, Lineage to use funds for global greenfield developments, facility expansions, M&A activity and technology innovations to turbocharge end-to-end supply chain efficiency for customers, Senior Managing Partner and Co-Founder John Carrafiell to join Lineage’s Board of Directors. “Serving as an observer on Lineage’s board for the past six months, I saw first-hand the Company’s extraordinary ability to continue to grow – both organically and through acquisitions – without missing a beat – despite the ongoing pandemic.”, About Lineage Logistics Lineage is the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider. Lineage team members live our purpose—to transform the food supply chain to eliminate waste and help feed the world—every day we show up to work. While helping Lineage succeed as a business, our team helps to feed their communities and the world each day they come in to work. Lineage Logistics, LLC represents the largest network of temperature-controlled warehouses globally, with more than 340 facilities offering over 2.1 billion cubic feet of capacity and spanning 15 countries across North America, Europe, Asia, Australia, New Zealand, and South America. Since 2008, Bay Grove has built Lineage Logistics through acquisitions and investments completed in partnership with entrepreneurs, customers and employees. “This is clear validation of our business model and our consistent, successful strategy to optimize our customers’ temperature-controlled supply chains, which is exactly how we intend to deploy the funds – to bolster our customers’ experiences from every angle and prove ourselves as their most valuable partner.” In addition to this latest equity raise – which is the Company’s largest since its founding in 2008 and follows September’s $1.6 billion raise –  Lineage also transformed its capital structure with a new $2.8 billion Revolving Credit Facility and Term Loan A. Today, Gov. Lineage is the world’s largest and most innovative provider of temperature-controlled logistics solutions. (www.lineagelogistics.com)About Bay GroveBay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. “The value-added exports of Lineage Logistics will continue to strengthen Louisiana’s $1.6 billion poultry industry, including nearly 300 commercial broiler producers throughout 11 parishes. The acquisition gives Lineage Logistics a foothold in the Canadian market with a capacity of more than 16 million cubic feet. Lineage Logistics is reimagining the world’s food supply chain by preserving, protecting, and optimizing the distribution of food. “This additional equity – from some of the best regarded names in the investment world – positions Lineage for continued and meaningful growth.”In addition to growth via greenfield development and facility expansion projects, Lineage continues its long history of acquiring best-in-class cold chain companies around the world. As a result, Lineage helps customers ranging from Fortune 500 companies to small family-owned businesses increase the efficiency and protect the integrity of their temperature-controlled supply chain. Change the World - 2020 As we face unprecedented collective challenges, co... READ MORE view in list. We are Lineage, let's talk. and is proud to also welcome a group of well-respected organizations to strengthen its domestic operations, including: Dick Cold Storage, including three locations in the Greater Columbus, OH area, A new strategic warehouse in Lyndhurst, VA, Great Lakes Cold Storage, including two locations in Solon, OH and Cranberry Township, PA, Win Chill Cold Storage, including one location in Sioux Falls, South Dakota, Joliet Cold Storage, including two locations in Bolingbrook, IL and Joliet, IL. We welcome this significant new investment and its economic impact across Louisiana.” During 2020, Lineage completed 38 acquisitions which added 128 facilities in 11 countries, bringing over 5,000 new employees into the organization. Lineage Logistics, LLC ("Lineage" or the "Company"), the world’s largest and most innovative provider of temperature-controlled logistics solutions, today announced it has closed the acquisition of Emergent Cold ("Emergent"). Our shared purpose has also inspired us to dedicate ourselves to the fight to end hunger around the world. Company profile page for Lineage Logistics LLC including stock price, company news, press releases, executives, board members, and contact information Novi, MI – March 11, 2021 – Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners. The acquisition was first announced on November 18, 2019. Novi, MI – March 11, 2021 – Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners. This transaction represents Lineage’s first sustainability-linked loan with three Environmental, Social, and Governance (ESG) initiatives. The Company previously announced. 292 talking about this. Tapping its, award-winning team of data scientists and technologists, , the Company is developing widespread algorithmic programming and automation software to streamline its operations and optimize every movement within its warehouses. “This additional equity – from some of the best regarded names in the investment world – positions Lineage for continued and meaningful growth.”, In addition to growth via greenfield development and facility expansion projects, Lineage continues its long history of acquiring best-in-class cold chain companies around the world. Lineage Logistics recognized for unique commitment to conquer supply chain complexity. The new facility aligns closely with traditional REIT financings, has investment-grade pricing, and becomes unsecured upon compliance with investment-grade covenants. Also in 2020, Lineage became the first temperature-controlled warehousing provider to offer refrigerated and insulated railcar solutions through the acquisition of Cryo-Trans.In connection with the equity raise, the Company also announced a new Board Member, BentallGreenOak Senior Managing Partner and Co-Founder, John Carrafiell, who brings with him 33-years of real estate and capital markets experience. Para Brasileiros Comprar NCoins These ongoing dialogues will guide and inspire us as we continue to involve and empower women’s voices within the global food supply chain industry. Dive Brief: Lineage Logistics, a global cold storage leader, announced its acquisition of Preferred Freezer Services in a deal valued at more than $1 billion, The Wall Street Journal reported. Carrafiell was previously Global Co-Head of Morgan Stanley Real Estate (MSRE), where he was responsible for running the real estate investment banking platform globally as well as the principal investing business with $100 billion in AUM in over 33 countries.“In recognizing Lineage’s exciting and industry-leading runway for innovation as well as its tremendous pipeline of growth opportunities, BentallGreenOak is thrilled with the most recent raise to become one of the Company’s largest investors,” said Carrafiell. “We set out to raise capital to support Lineage’s investments in the world’s most state-of-the-art technology and automation, greenfield developments, facility expansions, and continued acquisitions, and we were met with overwhelming demand from some of the most well-respected global institutional investors,” said Greg Lehmkuhl, President and CEO of Lineage. Warehousing and logistics company Lineage Logistics has acquired assets of US-based foodservice distributor Maines Paper & Food Service. Focusing on customer need and opportunity, Lineage has recently completed or has pending construction in the following markets: “I am proud to say that the company we have been building has made an incredible and transformative impact on our customers, our team members, our communities and the broader temperature-controlled industry,”, said Adam Forste, Co-Executive Chairman of Lineage and, Co-Founder and Senior Managing Partner at Bay Grove, which founded and manages Lineage, . The firm has deep experience in the warehousing and logistics industry and also seeks to make investments in other attractive sectors. Terms of the deal were not disclosed. Your connection to the latest in the global food supply chain. Lineage Logistics (“Lineage”), the world’s largest and most innovative provider of temperature-controlled logistics, has entered the Nordic region of Europe with its acquisition of the Kanalholmen 15 (“Kanalholmen”), a large cold storage facility located in the industrial area of Avedøre Holme in Hvidovre. ; The deal will create a closely held company which will amass more than 200 facilities and 1.3 billion cubic feet of cold-storage space across three continents. Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others. –  Lineage also transformed its capital structure with a new $2.8 billion Revolving Credit Facility and Term Loan A. Dive Brief: Lineage Logistics finalized an agreement to acquire Henningsen Cold Storage, the company announced last week in a press release. the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners. The Company previously announced a dozen international acquisitions and is proud to also welcome a group of well-respected organizations to strengthen its domestic operations, including: A number of the former owners from these companies, in addition to those already announced, chose to become investors in Lineage, rolling a part of their companies’ sale proceeds into Lineage equity. One of two major Lineage facilities at the Port of New Orleans, the cold-storage complex at Jourdan Road along the Inner Harbor Navigation Canal will…. -. At Lineage, we know our entire team plays a critical role in the food supply chain, but we also strive to honor the actions and successes of both individuals and teams across the organization through the Lineage Recognition Program. Prior Year Rank. During 2020, Lineage completed 38 acquisitions which added 128 facilities in 11 countries, bringing over 5,000 new employees into the organization. Lineage – which has 13 patents and a track record of technological innovations – also announced earlier this year the launch of Lineage Link, a fully-integrated customer experience platform which provides unprecedented visibility and collaboration across its customers’ supply chains. The Novi, Michigan-based company said in a Tuesday press release the deals include 24 locations with 5.5 million square feet (153 million cubic feet) of space in large population zones and food production centers throughout the U.S. Additionally, the new equity will be deployed, in part, to fund greenfield development and facility expansion projects in its North American, European and Asian-Pacific operating regions. (, Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. The acquisition was first announced on November 18, 2019. Supply chain and logistics news. Since 2008, Bay Grove has built Lineage Logistics through acquisitions and investments completed in partnership with entrepreneurs, customers and employees. With $53 billion in Assets Under Management (AUM), BentallGreenOak is a leading global real estate investment manager and advisor, and a globally recognized provider of real estate services. Carrafiell was previously Global Co-Head of Morgan Stanley Real Estate (MSRE), where he was responsible for running the real estate investment banking platform globally as well as the principal investing business with $100 billion in AUM in over 33 countries. With $53 billion in Assets Under Management (AUM), BentallGreenOak is a leading global real estate investment manager and advisor, and a globally recognized provider of real estate services. The world’s largest temperature-controlled logistics provider, Lineage Logistics, announced it has completed 10 acquisitions across the U.S. in the past 18 months. Lineage’s expertise in end-to-end logistical solutions, its unrivaled real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste. Lineage Logistics to Expand at Port of New Orleans One of two major Lineage facilities at the Port of New Orleans, the cold-storage complex at Jourdan Road along the … A number of the former owners from these companies, in addition to those already announced, chose to become investors in Lineage, rolling a part of their companies’ sale proceeds into Lineage equity. 188 talking about this. RANK 31. This transaction represents Lineage’s first sustainability-linked loan with three Environmental, Social, and Governance (ESG) initiatives.As Lineage continues to fulfill its purpose of transforming the food supply chain to eliminate waste and help feed the world, a significant portion of the $1.9 billion of new capital will be used to double down on new and disruptive technologies to design the temperature-controlled warehouse of the future. Lineage team members live our purpose—to transform the food supply chain to eliminate waste and help feed the world—every day we show up to work. Novi, MI – Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced the acquisition of the Kloosterboer Norway facility. Whether you are looking to find a facility, transport your food anywhere or completely reimagine your entire cold-storage supply chain, we can help. Novi, Mich.-based Lineage Logistics, the largest global temperature-controlled industrial REIT and logistics services provider, said today that it has raised $1.9 billion in equity from new and existing strategic partners, which brings the total equity it … Lineage Logistics is reimagining the world’s food supply chain by preserving, protecting, and optimizing the distribution of food. Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others.“We set out to raise capital to support Lineage’s investments in the world’s most state-of-the-art technology and automation, greenfield developments, facility expansions, and continued acquisitions, and we were met with overwhelming demand from some of the most well-respected global institutional investors,” said Greg Lehmkuhl, President and CEO of Lineage. “The Lineage Logistics project at the Port of New Orleans is a boon for the city of New Orleans and our entire state,” Edwards said. Additionally, the new facility enables Lineage’s growth worldwide by offering multicurrency lending across Lineage’s numerous jurisdictions. Logistics in the News. The world's largest refrigerated warehousing company, Lineage Logistics has invested US$34 million to expand its reefer facility in Charleston County, enhancing the cold storage capabilities of the South Carolina Ports. (www.bay-grove.com). Lineage Logistics raised US$ 1.9 billion in equity from new and existing strategic partners. “This is clear validation of our business model and our consistent, successful strategy to optimize our customers’ temperature-controlled supply chains, which is exactly how we intend to deploy the funds – to bolster our customers’ experiences from every angle and prove ourselves as their most valuable partner.”, In addition to this latest equity raise – which is the Company’s largest since its founding in 2008 and follows. The new facility aligns closely with traditional REIT financings, has investment-grade pricing, and becomes unsecured upon compliance with investment-grade covenants. “The value-added exports of Lineage Logistics will continue to strengthen Louisiana’s $1.6 billion poultry industry, including nearly 300 commercial broiler producers throughout 11 parishes. Whether you are looking to find a facility, transport your food anywhere or completely reimagine your entire cold-storage supply chain, we can help. Lineage represents the largest network of temperature-controlled warehouses globally, with more than 340 strategically located facilities offering over 2.1 billion cubic feet of capacity and spanning 15 countries across North America, Europe, Asia, Australia, New Zealand and South America. Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced the launch of Lineage Link® through a partnership with Turvo, a leading provider of collaborative logistics software designed for global supply chains. Latest news for Lineage Logistics. Lineage’s expertise in end-to-end logistical solutions, its unrivaled real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste. Lineage Logistics, LLC (“Lineage” or the “Company”). (WBNG) -- According to a Maines Paper & Food Service company email acquired by 12 News, Lineage Logistics is set to acquire assets of Maines the … Novi, MI – June 29, 2020 – Lineage Logistics (“Lineage”), the world’s largest and most innovative provider of temperature-controlled logistics, Read more Logistics Company News John Bel Edwards, Port of New Orleans President and CEO Brandy D. Christian, and Lineage Logistics President and CEO Greg Lehmkuhl announced the company will build a $42 million expansion of its Jourdan Road cold-storage facility in New Orleans East, where Lineage plans to … Data Science company on Fast Company’s Annual list of The World’s Most Innovative Companies in 2019, in addition to ranking 23rd overall in an evaluation of thousands of companies worldwide. Lineage Logistics, LLC ("Lineage" or the "Company"), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners. Earlier this week, Novi, Mich.-based Lineage Logistics, the largest global temperature-controlled industrial REIT and logistics services provider, announced it acquired Reisterstown, Md.-based Cryo-Trans, the leading provider of refrigerated and insulated railcars and rail management solutions, in what it called an “industry first partnership” focused on establishing a comprehensive and seamlessly … Additionally, the new facility enables Lineage’s growth worldwide by offering multicurrency lending across Lineage’s numerous jurisdictions. Data Science company on Fast Company’s Annual list of The World’s Most Innovative Companies in 2019, in addition to ranking 23rd overall in an evaluation of thousands of companies worldwide. As Lineage continues to fulfill its purpose of transforming the food supply chain to eliminate waste and help feed the world, a significant portion of the $1.9 billion of new capital will be used to double down on new and disruptive technologies to design the temperature-controlled warehouse of the future. As a result, Lineage helps customers ranging from Fortune 500 companies to small family-owned businesses increase the efficiency and protect the integrity of their temperature-controlled supply chain. So it is that US behemoth Lineage Logistics Holdings, counted as having the most refrigerated storage space worldwide, has signed a deal to buy Emergent from its hedge-fund owner, Elliott Management Corporation. Get the latest official news for Lineage II, the free-to-play MMORPG where you engage in colossal PvP siege battles, join epic raid encounters and build your own clan of allies. 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