Announced
Completed
Financials
Sources
Tags
United States
cold storage
Acquisition
Completed
Friendly
Single Bidder
Majority
Domestic
Private
Third Party Logistics (3PL)
Synopsis
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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