Bay Grove Capital acquires Richmond Cold Storage

Bay Grove Capital LLC has announced that it has acquired Richmond Cold Storage Company, LLC (RCS).

RCS will join Bay Grove’s family of cold storage companies, which includes Terminal Freezers, Flint River Services and West Coast Cold, the parent of CityIce and Seafreeze Cold Storage. These companies have a total combined capacity of over 130m cu ft (5m sq ft).

RCS operates a network of third party temperature controlled and dry warehouses in Virginia, North Carolina, Georgia and Alabama, encompassing approximately 57m cu ft of warehouse space. Its services include dedicated and public warehousing for a broad range of processors and distributors. RCS and Flint River Services will work closely to combine their facility networks and to integrate customer offerings in the Mid-Atlantic and Southeastern US.

"The acquisition of RCS advances our vision to become a preeminent player in the national cold storage logistics industry," said Kevin Marchetti, Managing Director of Bay Grove. "As this platform grows, so does our ability to offer customers a broader range of logistics and cold storage services."

Quelle: eyefortransport
Portal: www.logistik-express.com