Deals

Cold-Storage Giant Lineage Logistics Taps Advisers for IPO

  • Company has raised capital from D1, Stonepeak, Oxford
  • Lineage hired new CFO, former Roper executive, in May
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Lineage Logistics LLC, one of the largest real estate investment trusts specializing in temperature-controlled warehouses, has tapped advisers as it prepares for a potential initial public offering, according to people with knowledge of the matter.

The cold-storage company, led by Chief Executive Officer Greg Lehmkuhl, is working with banks including Morgan Stanley, said the people, who requested anonymity to discuss confidential information. Timing of a listing hasn’t yet been finalized.