Lineage Logistics Acquires VersaCold Logistics Services

Lineage, Inc. Acquires Permanor AS to Expand Nordic Cold-Storage Footprint

May 6, 2025

Logistics & Distribution

Lineage, Inc. (NASDAQ: LINE) has completed the acquisition of Permanor AS, a Norway-based cold storage and logistics provider, including operations and properties in Haugesund and Brumunddal. The deal expands Lineage's Nordic presence, adding over 10,000 square meters of facility space (approximately 24,500 pallet positions) and strengthens its food-supply-chain capabilities and sustainability profile.

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.

Lineage Acquires Bellingham Cold Storage Warehouses

April 1, 2025

Logistics & Distribution

Lineage, Inc. acquired three temperature-controlled warehouses and related assets from Bellingham Cold Storage, representing approximately 24 million cubic feet of capacity and about 85,000 pallet positions across three Washington locations (Bellingham Waterfront, Orchard/I-5, and Burlington Dry). The deal expands Lineage’s Pacific Northwest network and provides a strategic footprint at the Port of Bellingham to better serve seafood, agriculture and broader food & beverage customers.

Lineage, Inc. Acquires ColdPoint Logistics for USD 223 million

November 1, 2024

Logistics & Distribution

Lineage, Inc. (NASDAQ: LINE) acquired the assets of ColdPoint Logistics, a temperature-controlled warehousing and transport provider based in the Kansas City area, for approximately USD 223 million. The deal closed on November 1 and expands Lineage's Midwest footprint and access to the protein corridor and intermodal export capacity via onsite rail at ColdPoint's 621,000-square-foot facility.

TorQuest Partners Acquires VersaCold Logistics Services

December 16, 2020

Logistics & Distribution

TorQuest Partners, together with co-investors The Investment Management Corporation of Ontario (IMCO) and OPTrust, completed the acquisition of VersaCold Logistics Services from KingSett Capital and Ivanhoé Cambridge. VersaCold's management (led by Mike Arcamone as CEO) rolled equity and will continue to operate the business as the new investors support growth of the company's temperature‑controlled warehousing and food logistics network in Canada.

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.