Frozen & Refrigerated 3PL
3PLs operating frozen and refrigerated warehousing and transport.
Market snapshot
These figures describe Cold Chain & Temperature-Controlled (10.3.1), the segment that Frozen & Refrigerated 3PL sits within — not Frozen & Refrigerated 3PL on its own.
Cold-chain logistics sits within refrigerated warehousing (NAICS 493120, sized under Warehousing & Distribution) and refrigerated transport; it is not separately disclosed as a category, so the segment is not separately sized here; Lineage and Americold dominate cold storage.
Business model & economics
Revenue model
Refrigerated storage, handling, and transport fees
Key economics
- Recurring revenue
- High
- EBITDA margin
- Strong
- Capex intensity
- High
recurring storage and throughput
high-barrier cold-storage economics
Characteristics
- Refrigerated/frozen storage and transport.
- Dominated by Lineage and Americold.
- Food/e-grocery and pharma the dual drivers.
Geographic concentration
Cold-chain and temperature-controlled logistics over-index in Wisconsin (dairy and food processing), Washington, New Jersey, and Georgia.
U.S. Census Bureau — 2022 County Business Patterns (establishments by state), NAICS 493120. Concentration shown by location quotient.
M&A deal context
Who’s acquiring
- Cold-storage majors (Lineage, Americold)
- PE-backed and infrastructure investors
- Refrigerated-logistics consolidators
What’s driving deals
- Cold-storage consolidation.
- Pharma cold-chain and e-grocery growth.
- High-barrier, recurring-demand economics.
Find Frozen & Refrigerated 3PL acquisition targets
Search Acquisera’s index for companies classified under Frozen & Refrigerated 3PL (10.3.1.2) and build a targeted deal pipeline.
Search companies