Total amount raised
$9.4 Billion
Latest funding date
12/01/2022
Location
Lineage Logistics has successfully raised funding over nine rounds, with the latest being a Post-IPO Debt round. The company is backed by 18 investors, including Stonepeak and D1 Capital Partners.
Keep reading to explore the intricacies of Lineage Logistics' fundraising journey and the investors supporting this key player in the logistics and supply chain industry.
What Is Lineage Logistics?
Lineage Logistics is a global leader in cold storage warehousing and integrated solutions, focusing on temperature-controlled logistics and supply chain management. Headquartered in Novi, Michigan, the company operates a vast network of strategically located facilities worldwide.
Founded in an unspecified year, Lineage Logistics employs over 10,001 people. The company operates in various industries, including food delivery, food processing, logistics, supply chain management, and warehousing. Lineage is committed to innovation and sustainability, aiming to create a more efficient and environmentally friendly food supply chain.
How Much Funding Has Lineage Logistics Raised?
- Round Name: Private Equity
- Amount Raised: USD 700,000,000
- Date: July 2018
- Lead Investors: D1 Capital Partners, Stonepeak
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's expansion and acquisition strategy.
- Round Name: Private Equity
- Amount Raised: USD 1,600,000,000
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand warehouse capacity and invest in technology.
- Round Name: Series Unknown
- Amount Raised: USD 2,550,000
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and minor expansions.
- Round Name: Private Equity
- Amount Raised: USD 1,900,000,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund acquisitions and expand logistics capabilities.
- Round Name: Debt Financing
- Amount Raised: USD 2,800,000,000
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and support growth initiatives.
- Round Name: Private Equity
- Amount Raised: USD 1,700,000,000
- Date: January 2022
- Lead Investors: D1 Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion and sustainability initiatives.
- Round Name: Private Equity
- Amount Raised: USD 700,000,000
- Date: December 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund new development projects and clean energy deployments.
- Round Name: Post-IPO Debt
- Amount Raised: USD 500,000,000
- Date: June 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing expansion and operational improvements.
- Round Name: Post-IPO Debt
- Amount Raised: EUR 700,000,000
- Date: November 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand European operations and enhance logistics infrastructure.
Total Amount Raised: USD 10,200,000,000
Current Valuation: Not publicly disclosed
Key Investors
- D1 Capital Partners
- Details: D1 Capital Partners is a global investment firm that has recently invested in Lineage Logistics. The firm is known for its strategic investments in various sectors.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Not publicly disclosed.
- Stonepeak
- Details: Stonepeak is an investment firm specializing in infrastructure and real assets. They are one of the key investors in Lineage Logistics.
- Investment Focus Areas: Infrastructure, energy, transportation.
- Notable Investments: Not publicly disclosed.
- Bay Grove Capital LLC
- Details: Bay Grove Capital LLC is a private equity firm based in San Francisco. They own Lineage Logistics and have been instrumental in its growth since 2008.
- Investment Focus Areas: Cold storage, logistics, supply chain.
- Notable Investments: Lineage Logistics, Grupo Fuentes, Frigorificos de Navarra.
What's Next for Lineage Logistics?
Lineage Logistics is poised for significant growth, driven by opportunities in greenfield projects and automated warehouses in key regions like Southern California and the Northeast. With $1.25 billion earmarked for these expansions, the company is set to increase its global capacity by 7%, adding over 700,000 new pallet positions. This expansion aligns with industry trends towards automation and sustainability, positioning Lineage as a leader in temperature-controlled logistics.
Future fundraising efforts are likely to focus on supporting these ambitious projects and furthering clean energy initiatives. The company has already raised substantial equity, totaling $6.7 billion since 2020, and investor confidence remains high. This financial backing will be crucial as Lineage aims to achieve carbon neutrality by 2040, with plans to increase on-site solar installations by 50% in the coming year.
However, challenges such as macro-economic headwinds, inflationary pressures, and capital market volatility could impact these plans. Additionally, managing the integration of acquired companies and technologies will require careful strategy and execution. Despite these hurdles, Lineage's commitment to innovation and sustainability positions it well for continued success in the evolving logistics landscape.
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