COLTON, Calif.--(BUSINESS WIRE)--Lineage Logistics (“Lineage”), a warehousing and logistics company backed by Bay Grove, has acquired two cold storage facilities in Santa Cruz county (CA) from Dreisbach Enterprises (“Dreisbach”). With the addition of these two operations, Lineage now operates four warehouses in the Watsonville region, creating increased storage flexibility and value-added services for its customers. Lineage’s national footprint now comprises over 550 million cubic feet across 104 facilities in 21 states, which represents the second largest refrigerated warehouse network globally based on data from the International Association of Refrigerated Warehouses. Financial terms of the transactions were not disclosed.
The acquired warehouses, Parajo and Hilltop, encompass 201,000 square feet of refrigerated storage space and offer a breadth of services, including blast freezing, to service the region’s strawberry and seafood industries. The Dreisbach operations team at these locations will join Lineage and work in conjunction with the broader Lineage Watsonville team to support customer needs in the market. Dreisbach Enterprises, under President Jason Dreisbach, will continue operating its Oakland and Richmond facilities, in addition to its logistics solutions, as a separate entity.
“We have established great customer relationships and operational familiarity in Watsonville so this acquisition to enhance local capacity aligns our goals to grow and provide more benefits to our customers,” said Kevin Marchetti, Managing Director of Bay Grove. “The Dreisbach family has been a tremendous partner and we look forward to future endeavors between our two companies.”
“This opportunity will allow Dreisbach Enterprises to strengthen our Bay Area presence and continue to expand our logistics business nationwide,” said Jason Dreisbach. “The Bay Grove and the Lineage team have been an exciting group to work with, and we are confident they will continue to provide superior service to our Watsonville customers. We believe this is just the beginning of a long and successful relationship with Lineage.”
“We would like to welcome our newest team members joining Lineage in Watsonville,” said Bill Hendricksen, CEO of Lineage. “Our Watsonville team is now greater equipped to service customers in the region, an advantage that is second to none.”
About Lineage Logistics: Lineage Logistics is one of the largest temperature-controlled warehousing and logistics companies in the world. The company was founded through the combination of premier, temperature-controlled warehousing companies, some of whose roots date back to the early 1900s. Today, all its companies are unified with a shared vision of being the leading national supply chain company serving the nation’s food, retail, agriculture and distribution companies. (www.lineagelogistics.com)
About Bay Grove Capital: Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. Over the last five years, Bay Grove has built Lineage Logistics through acquisitions and investments completed in partnership with entrepreneurs, managers and employees. The firm has deep experience in the warehousing and logistics industry and also seeks to make investments in other attractive sectors. Bay Grove is based in San Francisco. (www.bay-grove.com)
About Dreisbach Enterprises: Dreisbach Enterprises has been operating for over 60 years and three generations as a third party perishable commodity logistics provider. Dreisbach’s corporate headquarters are in Oakland, California and they operate two cold storage facilities in Oakland and Richmond, CA. They have recently acquired warehouses in Texas. Their core business also includes both drayage and shuttle services throughout Northern California and Texas as well as LTL and Full Truckload Shipments throughout the United States. (www.dreisbach.com)