Milford-based Burris Logistics has quietly sold a large chunk of its business to Michigan-based Lineage, a real estate investment trust specializing in cold storage facilities.
Earlier this month, Lineage announced the acquisition of eight facilities from Burris Logistics. Financial terms were not disclosed.
Burris had been one of Delaware’s largest privately held companies. The company has been selling cold storage sites after a growth spurt that moved the company into Midwestern and Great Plains markets.
The addition of these eight cold storage facilities to Lineage’s warehousing network will provide nearly 1.3 million square feet of capacity and approximately 115,000 pallet positions across facilities in Lakeland, FL; Jacksonville, FL; McDonough, GA; Edmond, OK; New Castle; Waukesha, WI; and Federalsburg, MD.
The transaction represents Lineage’s third deal with Burris. Lineage acquired both its Lyndhurst, VA and Haines City, FL, locations from Burris in 2020 and 2021, respectively.
“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, CEO of Lineage. “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.”
Lineage operates internationally.
A nearly-century-old, family-owned business, Burris has relationships with some of the nation’s leading retailers and food service companies. The acquired facilities will serve densely populated markets to help Lineage’s direct-to-consumer fulfillment operation reach all 50 states.
Burris’s remaining portfolio will primarily consist of Honor Foods, its food service redistribution company, and Trinity Logistics, its freight solutions provider.
