Lineage, Inc. was formed in April 2012 through the consolidation of several regional cold-storage providers by Bay Grove Capital founders Adam Forste and Kevin Marchetti. The roots trace back to individual acquisitions like Seafreeze, CityIce, Flint River, Terminal Freezers, and Richmond Cold Storage, laying the groundwork for what quickly became a national player in temperature controlled warehousing. Headquartered in Novi, Michigan, Lineage has grown extensively by absorbing over 100 companies and building a cohesive global network.
Today, Lineage is the world’s largest temperature-controlled warehouse Real Estate Investment Trust (REIT), boasting more than 480 facilities across North America, Europe, Asia Pacific, and beyond—with over 3 billion cubic feet of storage capacity and approximately 26,000 employees. Its services span refrigerated and frozen warehousing, integrated transportation, port handling, direct-to-consumer fulfillment, and value-added solutions such as high-pressure processing and data analytics.
Lineage is known for its tech-forward approach, leveraging data science and automation—including autonomous forklifts and advanced warehouse management systems—to optimize efficiency, reduce waste, and enhance sustainability across the cold chain. It has earned recognition for its innovation, such as being named the top Data Science company by Fast Company in 2019, and secures food supply resilience by supporting major food producers, retailers, and distributors globally.
In July 2024, Lineage completed the largest IPO in the U.S. that year, raising around $4.4 billion at a valuation exceeding $18 billion, and began trading on Nasdaq under the ticker LINE. Moving forward, it continues to expand through both acquisitions and greenfield developments, invest in its technological edge, pursue global facility growth—like a new hub in France—and further evolve its integrated cold-chain platform to support sustainable, end-to-end food logistics.