Lineage Logistics is an international warehousing and logistics management company and an industrial real estate investment trust (REIT) owned by Bay Grove, LLC. Entering international markets in 2017, it grew into the world's largest refrigerated warehousing company, acquiring, by 2021, 72 other cold-chain storage companies and handling more than eight percent of the global food supply. Lineage operates over 350 facilities with over 17,000 employees in 15 countries across North America, South America, Europe, Asia, Australia and New Zealand. History The company was founded in April 2012 by former Morgan Stanley investment bankers Kevin Marchetti and Adam Forste, who formed Bay Grove Capital, LLC, through the consolidation of acquired warehousing and logistics companies beginning, in December 2008, with the purchase of Seafreeze from Toyo Susian Kaisha. The company then acquired CityIce, in 2009, and Flint River Services, in 2010, followed, in 2011, by Terminal Freezers of Santa Maria, California, and Richmond Cold Storage, purchased from Atlanta Equity; founded in 1907 in Richmond, Virginia, the latter then become its earliest predecessor company. Lineage Logistics was formed with the fifth-largest network of temperature-controlled warehouse facilities in North America, according to International Association of Refrigerated Warehouses (IARW) rankings, with 40 facilities in eight states, including near international ports at Savannah, Georgia, Seattle, Washington and Norfolk, Virginia; warehouse management; consulting; and food processing support. In 2012, the company acquired Stanford Refrigerated Warehouses and Castle & Cooke Cold Storage; Bill Hendricksen of Castle & Cooke then joined Lineage as CEO. Hendricksen was succeeded by W. Gregory Lehmkuhl, in July 2015. Lineage subsequently moved its headquarters from Irvine, California to Novi, Michigan. Between 2016 and 2018, Lineage Logistics was granted 15 U.S. patents. Lineage entered European markets in 2017, acquiring Partner Logistics, a large cold-chain storage supplier. The company then expanded into the temperature-controlled logistics markets in Australia, New Zealand, and Sri Lanka, in November 2019, with the acquisition of Emergent Cold, then into Canada, in July 2020, acquiring Ontario Refrigerated Services Inc. In 2018, Stonepeak Partners, D1 Capital Partners, and existing backers acquired minority stakes in the company valued at $700 million. In 2019, Lineage was recognized by Fast Company as one of the world's 50 most innovative companies of 2019, including ranking #1 in its practice of data science. In 2020, Lineage was included on Fortune magazine's annual "Change the World List". In 2021, Lineage was named on the CNBC Disruptor 50 list. In