Lineage Logistics Buys Service Cold Storage in Wisconsin
Lineage Logistics, the second largest temperature-controlled warehousing and logistics provider in the world, has acquired Wisconsin-based Service Cold Storage (SCS) as well as a portfolio of four leased cold storage warehouses in strategic markets across the southeastern United States. Financial terms of the transactions were not disclosed.
The acquisition of SCS establishes a flagship operation in the state of Wisconsin for Lineage and adds to the organization’s robust facility network in the Midwest. Located in Central Wisconsin’s Stevens Point, the current SCS facility is less than five years old and spans over 11 million cubic feet of temperature-controlled storage space. Construction on a significant expansion now under way will bring the facility footprint to nearly 20 million cubic feet upon completion.
“Lineage’s Midwest operations provide customers with unparalleled storage flexibility and access to value-added solutions, and the addition of our first Wisconsin location strengthens our ability to create efficiencies across customer supply chains,” said Greg Lehmkuhl, president and chief executive officer of Lineage Logistics.
“We believe joining Lineage will help us to deliver ever greater value to our customers and to create more opportunities for our employees,” said SCS President and CEO Les Dobbe. “We look forward to being a part of Lineage’s innovative and growing network.”
“SCS is known for its strong team, commitment to customer service and operational excellence,” said Kevin Marchetti, managing partner of San Francisco, California-based Bay Grove Capital, Lineage’s principal investment firm. “They are a special organization, and we are honored SCS chose to join forces with Lineage.”
The acquisition of SCS was announced on the heels of Lineage’s purchase of a portfolio of four leased cold storage facilities, located in Georgia, Louisiana, South Carolina and Virginia.