Lineage Logistics IPO: $30B Valuation in 2024?
- Lineage Logistics LLC, a major cold storage and logistics company, is reportedly considering an initial public offering that could value the company at more than $30 billion.
- the Novi, Michigan-based company, led by CEO Greg Lekmhul and backed by Bay Grove Capital, boasts over 400 temperature-controlled storage facilities.These facilities provide more than two billion cubic...
- To prepare for the potential offering,Lineage Logistics has reportedly selected Goldman Sachs Group and Morgan Stanley as lead banks.
Lineage Logistics is poised for a potential initial public offering, with a valuation that could soar to $30 billion as early as the first half of 2024.This major move by the cold storage and logistics giant, spearheaded by CEO Greg Lehmkuhl, signals a meaningful shift in the cold chain solutions market. Backed by Bay Grove Capital, Lineage Logistics operates over 400 temperature-controlled facilities across North America, Europe, and Asia. goldman Sachs and Morgan stanley are reportedly leading the charge. This potential IPO could reshape the landscape of cold storage. Stay informed with News Directory 3, and discover what’s next for this industry leader.
Lineage Logistics Eyes Potential $30 Billion IPO
Updated May 29, 2025
Lineage Logistics LLC, a major cold storage and logistics company, is reportedly considering an initial public offering that could value the company at more than $30 billion. The Lineage Logistics IPO could launch as early as the first half of 2024.
the Novi, Michigan-based company, led by CEO Greg Lekmhul and backed by Bay Grove Capital, boasts over 400 temperature-controlled storage facilities.These facilities provide more than two billion cubic feet of capacity across North America, Europe, and Asia.By comparison, Americold Realty Trust, a major competitor in cold chain solutions, operates approximately 240 facilities with about 1.5 billion cubic feet of storage.
To prepare for the potential offering,Lineage Logistics has reportedly selected Goldman Sachs Group and Morgan Stanley as lead banks. The company has raised over $13 billion to date, including $6.7 billion in equity as the start of 2020, according to PitchBook data. This includes two rounds totaling more than $2.4 billion last year,along with smaller debt issuances.
Lineage Logistics provides comprehensive end-to-end logistics services. These include freight forwarding, customs brokerage, drayage, and truck transportation to and from it’s extensive warehouse network. the company’s integrated approach aims to streamline the supply chain for its clients, ensuring efficient and reliable delivery of temperature-sensitive goods. This makes Lineage Logistics a key player in cold chain logistics.
What’s next
The potential IPO could provide Lineage Logistics with significant capital to further expand its global network and invest in innovative technologies, solidifying its position in the competitive cold storage market.