Announced
Financials
Tags
railcars
Acquisition
Friendly
United States
Private
Majority
railway
Railroads
Completed
Domestic
Private Equity
Synopsis
Lineage Logistics, an industry's innovator in temperature-controlled supply chain and logistics, agreed to acquire Cryo-Trans, owner of North America’s largest private fleet of refrigerated and insulated railcars. Financial terms were not disclosed. "Lineage’s acquisition of Cryo-Trans signals our commitment to knowing no bounds when it comes to investing in creative and truly end-to-end solutions for our customers. We are proud to continuously lead innovation in our industry, and we look forward to uncovering new opportunities to further streamline our customers’ supply chains", Kevin Marchetti, Lineage and Bay Grove Co-Founder.
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