Bay Grove, the investment firm that owns Lineage, is run by two San Francisco entrepreneurs who are making incredible strides in the food supply chain business and have flown under the radar until now. This is the untold story about how Adam Forste and Kevin Marchetti, both of investment firm Bay Grove, are reimagining the world’s food supply chain.
Adam and Kevin were former colleagues in Morgan Stanley's investment banking group who reunited after their respective tenures in institutional private equity – Adam at Kohlberg Kravis Roberts & Co. (KKR), and Kevin at The Yucaipa Companies.
During Bay Grove's formative period, Adam and Kevin conceived of a simple vision for Bay Grove focused on creating platform companies one at a time with investment lifespans measured in decades, not years – built by developing deep domain expertise around each platform. Bay Grove has smart money backing it, with an investor list that would be the envy of any PE firm.
Since late 2008, Bay Grove has executed its owner-operator vision and approach with Lineage Logistics. Today, the team devotes all its time to the growth and success of this platform.
Adam, Kevin and the dynamic team at Bay Grove bring extensive industry knowledge to the table, but also possess financial savvy that add yet another competitive edge to Lineage’s business.
From our Leadership
With their 2008 acquisition of a single location in Seattle, Washington, Bay Grove laid the foundation for the Lineage we know today – an ambitious, deeply entrepreneurial organization with a tradition of welcoming the industry’s best, most respected companies in to our family each year.
Want to join our Lineage?
Over the last several years, Bay Grove has been an extremely active acquirer in the temperature-controlled warehousing and logistics space. Bay Grove has been successful because of its:
- Proven method of executing large and complex transactions within tight timeframes
- Differentiated tools that enable superior outcomes for sellers
- A thoughtful approach for successfully bringing companies into the fold with minimal disruptions to the business and to employees
By interfacing directly with owners and taking an active role within the International Association of Refrigerated Warehouses (IARW), Bay Grove will continue to develop long-term relationships in the temperature-controlled logistics industry. When the timing is right, our hope is that Bay Grove will be your first call when you are considering strategic alternatives for your company or estate planning relating to a generational transition.
All the former owners of companies Bay Grove has acquired are involved as strategic advisors of Lineage Logistics. They are available to discuss their experience selling to Bay Grove and becoming part of this dynamic, growing organization.
If you would like to get in touch with the Bay Grove team, please contact us.