Lineage Logistics LLC, provider of temperature-controlled supply chain solutions, has acquired Wisconsin-based cold storage provider Service Cold Storage (SCS) as well as a portfolio of four leased cold storage warehouses in strategic markets across the Southeast. Financial terms of the transactions were not disclosed.
The acquisition of SCS establishes a flagship operation in Wisconsin for Lineage and adds to the organization’s facility network in the Midwest. Located in central Wisconsin’s Stevens Point, the current SCS facility is less than five years old and has more than 11 million cubic feet of temperature-controlled storage space. Construction on a significant expansion is underway that will bring the facility footprint to nearly 20 million cubic feet and provide more needed capacity to support customer growth.
“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 CEO of Lineage. “We are thrilled to welcome the SCS team to the Lineage family and to grow our Midwest presence.”
“SCS is known for its strong team, commitment to customer service and operational excellence,” said Kevin Marchetti, managing partner of Bay Grove, 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 is 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.