Our investor call this week was with the largest temperature-controlled warehouse company in the world, Lineage. They were also 2024’s largest IPO of the year – it was a big deal that we were honored to participate in as a co-manager.
Lineage Participants:
Rob Crisci: Chief Financial Officer
R. Evan Barbosa: VP, Investor Relations
Alex Nelson: Director, Investor Relations
Their team gave us a tremendous overview of the company – it’s a hybrid, Tech/REIT. They operate the nearly 500 locations they own, 3.1B cubic feet of cold warehouse space and growing. Their locations are high-tech, not your traditional warehouse locations.
TECHNOLOGY is a significant DIFFERENTIATOR and they’re leading the way on that front. With 133 Patents and 31 more pending, their Data Science team is keeping busy. Keep your eyes open for updates on LinOS, the company’s new, proprietary system that is in the early stages of implementation and showing very promising results, greatly improving efficiency. Quick Example: Customer Truck Turnaround Times are far better (faster) than the industry average – and getting better, still.
Key Points:
- Technology Leader in the Space
- Size/Scale Matters – They’re the largest, by a lot
- Diversity – Revenue Diversity & Geographic Footprint
- Growth Opportunity – A Fragmented Industry/Many Opportunities
“Thank You” to Rob, Evan, and Alex for your time and “thank you” to the entire Lineage team for your support!
