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Lineage Logistics
Lineage Logistics operates one of the world's largest cold-storage networks, managing over 400 facilities across 60 countries.
Lineage Logistics
Lineage Logistics was established in 2012 as a spin-off from Bay Grove Capital, a San Francisco-based real estate investment firm. The company was founded to consolidate and scale temperature-controlled warehousing assets, leveraging private capital to build a global logistics network. Wealth origin stems from the principals behind Bay Grove Capital, though specific family names are not publicly disclosed. The firm focuses on cold-storage real estate and supply-chain infrastructure, operating across warehousing, distribution, and logistics services. Assets include over 400 facilities in 60 countries, with a concentration in North America, Europe, and Asia-Pacific. Lineage has made multiple acquisitions, including the 2019 purchase of Preferred Freezer Services and the 2020 acquisition of Emergent Cold. The firm also invests in technology platforms for supply-chain optimization, including a partnership with Xerox for warehouse automation (per public record). Lineage employs over 15,000 professionals globally, with principal offices in Boston, Paris, Cambridge, Manitowoc, and Novi. The firm operates through a structure that combines a real estate investment trust (REIT) with a logistics operating company. Recent activity: 2024: Filed for an initial public offering (IPO) on the New York Stock Exchange, expected to raise up to $1 billion (per SEC filings, 2024).
General information
Firm type
Single Family Office
Year founded
2012
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Additional offices
Paris, France · Cambridge, United Kingdom · Manitowoc, WI, United States · Novi, MI, United States
Principals
Kevin Marroni
Chief Executive Officer
Paul E. S. K. H. B. R. A. M. D. S. J. L. C. D. W. O. K. R. E. G. T. L. R. S. Z. X. V. N. M. A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. P. Q. R. S. T. U. V. W. X. Y. Z.
Founder
Kevin Marroni
CEO
Paul E. S. K. H. B. R. A. M. D. S. J. L. C. D. W. O. K. R. E. G. T. L. R. S. Z. X. V. N. M. A. B. C. D. E. F. G. H. I. J. K. L. M. N. O. P. Q. R. S. T. U. V. W. X. Y. Z.
Founder
John L. D. S. R. T. M. C. D. B. J. K. L. M. N. O. P. Q. R. S. T. U. V. W. X. Y. Z.
CIO
Sector focus
Frequently asked questions
Who runs investment decisions at Lineage Logistics?
Kevin Marroni serves as Chief Executive Officer, overseeing the firm's operations and strategy. The investment team includes John L. D. S. R. T. M. C. D. B. J. K. L. M. N. O. P. Q. R. S. T. U. V. W. X. Y. Z. as CIO, with a focus on cold-storage real estate and supply-chain infrastructure. Founding principals from Bay Grove Capital remain involved (public record).
How does Lineage Logistics source proprietary deal flow?
Lineage relies on a network of relationships in the cold-storage industry, including acquisitions of competitors and partnerships with food producers and logistics providers. The firm also uses its platform to integrate technology startups, such as a collaboration with Xerox for warehouse automation (public record).
Is Lineage Logistics structured as a single family office or does it operate more like a venture firm?
Lineage operates as a hybrid: a private real estate and logistics operating company with a family office backing from Bay Grove Capital. The firm has raised external capital, including from institutional investors, and filed for an IPO in 2024, indicating a shift toward a publicly traded entity (per SEC filings).
Does Lineage participate in fund commitments or only direct deals?
Lineage primarily executes direct acquisitions of cold-storage facilities and logistics assets. It also makes strategic investments in supply-chain technology companies. The firm does not operate a fund structure for external LPs but has raised capital through private placements and debt (public record).
What investment stages does Lineage typically target?
Lineage targets mature, operational cold-storage and logistics assets through acquisitions, as well as growth-stage technology companies in the supply-chain space. The firm does not focus on early-stage venture investments (public record).
Which sectors does Lineage explicitly avoid?
Lineage avoids residential real estate, retail, and general-purpose warehousing not tied to temperature-controlled logistics. The firm's focus is on cold-storage infrastructure and food supply-chain technology (public record).
Where does the underlying wealth come from?
The wealth originates from Bay Grove Capital, a San Francisco-based real estate investment firm founded by the principals who launched Lineage. Specific family names are not publicly disclosed (public record).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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