Crossminds guides Lineage Logistics and Bay Grove with the acquisition of the expeditor UTI Forwarding

Lineage Logistics

Lineage has more than 300 storage facilities worldwide and serves customers with activities throughout the food and short-life sectors. This ranges from Fortune 500 companies to growing, regional food producers. The company handles and stores a variety of products and also acts as a distribution partner for various companies in the food industry. Lineage’s transportation division also offers integrated transportation solutions for various complex supply chains.

UTI Forwarding

UTI Forwarding was founded in 1961 and is a leading forwarding company, strategically located in Rotterdam with an office in Gdansk, Poland. The company specialises in the export and import of refrigerated containerised cargo. With more than 400 customers, UTI manages container shipments to and from any port in the world.

Lineage had limited activities in Europe in the field of freight forwarding. The acquisition of UTI Forwarding expands the European logistics offering. The acquisition marks Lineage’s entry into the European freight forwarding industry and strengthens the company’s ability to efficiently move goods through its global network of facilities.

“We are thrilled about our acquisition of UTI. Together we will offer a one stop solution to our shared customers that creates new efficiencies between import and export-based container movements and our warehouses that will help us reduce waste in the supply chain.” said Mike McClendon, President of International Operations & EVP of Network Optimization at Lineage.

Crossminds performed the financial due diligence. The Crossminds team consisted of Pieter Poortvliet, Arjen van de Velde, Jochem Havelaar and Tim Crucq. During the process, Crossminds worked closely with Bay Grove, the American Private Equity party behind Lineage and the other advisors.

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