TorQuest Partners Acquires VersaCold Logistics Services

Lineage Logistics Acquires VersaCold Logistics Services from TorQuest Partners

April 13, 2022

Logistics & Distribution

Lineage Logistics has agreed to acquire VersaCold Logistics Services from TorQuest Partners and its co-investors IMCO and OPTrust, expanding Lineage’s temperature-controlled network in Canada. VersaCold operates 24 temperature-controlled facilities and an asset-based transportation network across nine provinces; financial terms were not disclosed and the deal closed in 2022.

Lineage Logistics Acquires Ontario Refrigerated Services to Launch Canadian Platform

July 23, 2020

Logistics & Distribution

Lineage Logistics signed a definitive agreement to acquire Ontario Refrigerated Services, a family-operated cold storage provider with four facilities in the Greater Toronto market, marking Lineage's entry into Canada. The deal, made in partnership with CapCold Group Inc. (formed by Robert and Patrick Molyneux), adds ~510,000 sq ft (16.2 million cubic feet) and ~100,000 pallet positions of refrigerated capacity; financial terms were not disclosed.

Vertical Cold Storage Acquires Arctic Logistics

April 2, 2025

Logistics & Distribution

Vertical Cold Storage, sponsored by Platform Ventures, acquired Arctic Logistics' 140,000 sq ft cold storage facility in Canton, Michigan. The acquisition expands Vertical Cold's national footprint and cross-border capabilities for U.S.-Canada trade; terms were not disclosed.

EQT Infrastructure VI Acquires Constellation Cold Logistics from Arcus Infrastructure Partners

June 24, 2024

Logistics & Distribution

EQT Infrastructure VI (managed by EQT) has agreed to acquire Constellation Cold Logistics from Arcus Infrastructure Partners. Constellation is a London-headquartered cold storage owner-operator with 26 large facilities across seven Western European and Nordic countries, ~700 employees and expected FY24 revenue above EUR 150 million; EQT will support further geographic expansion, consolidation and investments in automation and digital capabilities.

Vertical Cold Storage Acquires MWCold

May 30, 2023

Logistics & Distribution

Vertical Cold Storage, a temperature-controlled warehousing platform sponsored by real estate investment firm Platform Ventures, has agreed to acquire MWCold, a fourth-generation, family-owned cold storage and logistics provider operating two facilities in central Indiana. The acquisition adds more than 545,000 square feet of multi-temperature, rail-served warehouse capacity (Indianapolis and Pendleton, IN) to Vertical Cold's Midwest footprint and will see MWCold CEO Tim Siddiq transition to an advisory role.

Vertical Cold Storage Acquires Liberty Cold Storage from West Liberty Foods

October 29, 2021

Logistics & Distribution

Vertical Cold Storage, a Platform Ventures‑sponsored developer and operator of temperature‑controlled distribution centers, has acquired Liberty Cold Storage in Bolingbrook, Illinois from West Liberty Foods. The deal—terms not disclosed—gives Vertical Cold a nearly 300,000 sq. ft. facility with intermodal access and strengthens its plan to build a national cold storage footprint while West Liberty Foods will remain a major customer.