Bay Grove Capital acquires
Flint River Services Inc
Dec 3, 2010 9:50 AM
Bay Grove Capital LLC, a principal investment firm based in San Francisco CA, has acquired Flint River Services Inc, a Georgia-based cold storage company. The acquisition was facilitated through the holding company Southeast Cold LLC, and adds to Bay Grove’s portfolio of cold storage companies, which includes West Coast Cold LLC—parent of CityIce and Seafreeze Cold Storage—the largest cold storage company in Seattle WA. Financial terms of the transaction were not disclosed.
With more than 30 million cubic feet of temperature-controlled storage capacity, Flint River is one of the nation’s largest independent cold storage companies. It operates Georgia-based campuses in Albany, Unadilla, and Rincon/Savannah and has provided cold storage services to customers in the frozen food, poultry, blueberry, and peanut industries for 18-plus years. Key management will remain with the company, and the business will continue to operate as Flint River Services.
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