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New Deal


Announced

Completed

Lineage completed the acquisition of eight cold storage facilities from Burris Logistics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

cold storage

Acquisition

Completed

Friendly

Single Bidder

Majority

Domestic

Private

Third Party Logistics (3PL)

Synopsis

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Lineage, a provider of temperature-controlled industrial REITs and integrated solutions, completed the acquisition of eight cold storage facilities from Burris Logistics, a temperature-controlled food distribution company. Financial terms were not disclosed. “This deal represents the trust we have built and the track record we have delivered across our longstanding relationship with Burris, which is demonstrative of Lineage being the industry’s acquiror of choice. As with our previous acquisitions from Burris, these complementary locations and their supremely dedicated team members will further fuel Lineage’s fierce customer-driven approach and serve our vision to become the world’s most dynamic temperature-controlled logistics company,” Greg Lehmkuhl, Lineage President and CEO.

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