December 06, 2019
Tilia invests in one of Central Midwest’s leading cold storage and ambient food warehousing providers
CHICAGO, IL – DECEMBER 6, 2019 | Tilia Holdings is pleased to announce the acquisition of Trilogy Warehouse Partners and its warehousing affiliates (“Trilogy”) as of December 6, 2019. The transaction will provide new growth opportunities for Trilogy through the resources and expertise available in Tilia’s other cold storage investments in Refrig-It, Inc. (“Refrig-It”) and Universal Pure Holdings LLC (“Universal Pure”). The investment will expand Tilia’s cold storage and other warehousing services while bringing a talented and experienced team into the Tilia Resource Network.
Trilogy was founded in 2013 to provide dedicated and public warehousing services to a variety of CPG, retail and other clients. Driven by a “customer-first” approach and a metrics-driven mentality, the company has steadily grown to include five warehousing and handling locations with a variety of temperature states across Missouri and Illinois.
“It’s been extremely gratifying to grow Trilogy alongside our customers over the past six years,” comments Mr. Baker, Trilogy’s Managing Partner. “As part of Tilia Holdings, we can offer more geographies to our customers and more opportunities for our employees. We are excited to continue Trilogy’s growth trajectory while leveraging the Tilia Resource Network and Tilia’s other cold storage investments.”
According to Johannes Burlin of Tilia, “We are thrilled to partner with Rick Baker and his team to help fuel the growth of our combined businesses. The Trilogy team adds significant cold-chain, logistics and customer acquisition experience to Tilia’s supply chain management sub-sector focus. With locations and major customers throughout the Midwest, Trilogy’s operations create a geographic and strategic complement to the existing East Coast and Great Plains warehouse facilities at two Tilia portfolio companies, Refrig-It and Universal Pure.
ABOUT TRILOGY WAREHOUSE PARTNERS
Trilogy Warehouse Partners, based in St. Louis, Missouri, is a leading provider of warehousing and supply chain management services to the food and beverage, consumer, healthcare and industrial markets. Trilogy manages both food grade and non-food grade facilities and handles frozen, dry, and perishable products across all aspects of the food storage supply chain primarily for retail grocers, food manufacturers and food distributors. The Company was founded in 2013 by Hilton Kahn, Rick Baker and Quin Brewer and today manages five warehouses in Missouri and Illinois.
ABOUT TILIA HOLDINGS
Tilia is a mission-driven private investment firm focused exclusively on building distinctive middle-market companies that provide outsourced, technical services across the global food and nutrition supply chain. Tilia has significant expertise scaling and growing services companies and believes in the parity between financial and operating expertise. Tilia’s deep sector focused strategy is a successful approach to investments that spans almost three decades and approaches each investment as a steward by employing a consistent set of principles to improve capital across four dimensions: brand, human, social and financial. For more information, please visit www.tiliallc.com.