Lineage Logistics Completes Burris Logistics Acquisition; Greg Lehmkuhl Shares
NOVI, MI - We love us some acquisition news here at AndNowUKnow. And lucky for us, Lineage Logistics announced yesterday that it had made a big move. The industry operator closed on the acquisition of eight facilities from Burris Logistics. Financial terms of the transaction were not disclosed.
“This deal represents the trust we have built and the track record we have delivered across our longstanding relationship with Burris, which is demonstrative of Lineage being the industry’s acquirer of choice,” said Greg Lehmkuhl, President and Chief Executive Officer. “As with our previous acquisitions from Burris, these complementary locations and their supremely dedicated team members will further fuel Lineage’s fierce customer-driven approach and serve our vision to become the world’s most dynamic temperature-controlled logistics company.”
The addition of these cold storage facilities will provide nearly 1.3 million square feet of capacity and approximately 115,000 pallet positions across facilities in Lakeland, Florida; Jacksonville, Florida; McDonough, Georgia; Edmond, Oklahoma; New Castle, Delaware; Waukesha, Wisconsin; and Federalsburg, Maryland.
According to a press release, the transaction represents Lineage’s third proprietary deal with Burris. Lineage acquired both its Lyndhurst, Virginia, and Haines City, Florida, locations in 2020 and 2021, respectively.
Burris has developed deep relationships with some of the nation’s leading retailers and foodservice companies. The acquired facilities are strategically located in the Eastern and Midwestern United States near major highways and transportation hubs, and will serve densely populated markets.
Burris’ remaining portfolio will primarily consist of Honor Foods, its foodservice redistribution company, and Trinity Logistics, its freight solutions provider.
Stay tuned as we hear about more industry acquisitions. You can bet your bottom dollar that we will report!