Early Life and Education
Kevin Marchetti's career began in the investment banking group at Morgan Stanley. He later attended Duke University, where he studied economics and served as head manager for the Duke Men's basketball team under Coach Mike Krzyzewski. Marchetti graduated cum laude from Duke University with a major in Economics and a minor in History.
Rise to Success
Before co-founding Bay Grove, Marchetti was an investor with Ron Burkle and The Yucaipa Companies where he helped invest the Yucaipa Funds and eventually oversaw Mr. Burkle's personal investment portfolio and sat on the board of the Pittsburgh Penguins. In 2008, he co-founded Lineage Logistics, which operates over 480 cold warehouses in 18 countries. In 2019, Kevin Marchetti was honored by Goldman Sachs as one of the 100 Most Intriguing Entrepreneurs.
Key Business Strategies
Marchetti co-founded Lineage, which raised nearly $5 billion in the biggest IPO of 2024. Marchetti and Adam Forste split an estimated 38% stake in Lineage. The company employs over 25,000 people globally and offers a deep set of services to its clients, beyond the four walls of the warehouse, including logistics, transportation, food prep, and information technology. Lineage has grown through acquisitions, and Kevin Marchetti is committed to carbon reduction, with Lineage being the fifth largest adopter of solar panels in the United States and signing the Climate Pledge for zero net carbon emissions by 2040.
Philanthropy
Information about specific philanthropy amounts was not found in the search results.
