SAVANNAH, Ga. and SAN FRANCISCO, Feb. 28, 2012 (GLOBE NEWSWIRE) -- Bay Grove Capital LLC ("Bay Grove"), a principal investment firm based in San Francisco, today announced that it has made operational improvements and a significant investment at its FRS Savannah facility ("Savannah"), expanding capacity to meet customer needs. Constructed in 2007, Savannah comprises 8 million cubic feet of temperature-controlled space. Its prime location, proximal to I-95 and near the Port of Savannah, offers customers an ideal staging facility for imports and exports.
Over the next several months, a significant investment in Savannah will increase total pallet positions by approximately 30%. The additional capacity and more efficient configuration will enable the team to continue to exceed customer needs and expectations. "This investment in Savannah will provide our customers even greater access to the Port of Savannah," said Kevin Marchetti, Managing Director of Bay Grove. "The Port of Savannah has become a hub for tremendous economic growth within the U.S. and we want to continue investing to support that."
Matt Miller has been appointed as the new Division Manager to oversee Savannah's operations and optimize its port-dedicated services capabilities. Matt has an extensive warehousing and logistics background focused on import / export services and will report to Marty Gaddy, Director of Operations. "We are excited to have Matt as he exemplifies our company philosophy of 'customer first' and will contribute greatly to our continued success in Savannah," said Michael McClendon, President of Flint River Services and Richmond Cold Storage. "In addition, the investment in the facility by Bay Grove shows their commitment to the business as well as the Savannah market."
About Flint River Services Flint River Services is a cold storage outsourced logistics provider that operates over 30 million cubic feet of temperature controlled storage capacity. Founded in 1992 and headquartered in Albany, GA, the company has campuses in Albany, Unadilla and Savannah located near commodity processing plants, key ports, and distribution hubs. All facilities are rail-served. The company has domestic and international customers in the poultry, nut, berry, and other frozen food producing, processing, and distribution sectors. It was a 2009 recipient of the Best of Business Award in the refrigerated warehousing and storage category for the Small Business Commerce Association. (www.flintriverservices.com)
About Bay Grove Capital Bay Grove Capital is a principal investment firm dedicated to partnering with strong management teams to invest in growing, cash-flow positive businesses. Bay Grove has deep experience in the cold storage industry but also seeks to make equity investments through buyouts, growth equity transactions, and co-investments with partner funds in other attractive sectors. Bay Grove Capital is based in San Francisco. (www.baygrovecapital.com)
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