Mid-market chains are demanding 24-hour farm-to-shelf logistics. Coastline has the trucks. Harbor has the produce contracts. Together, we own the solution.
50/50 joint venture formed as FreshLink LLC. Equal board seats. Unanimous decisions on capital calls and expansion.
Combined operations unlock $26.4M in three-year revenue versus $14.8M standalone—a 78% lift from synergy.
Q1 2025 · Non-binding framework · 90-day exclusivity
Q2 2025 · Portland metro · 6 grocer chains · Prove unit economics
Q3–Q4 2025 · Oregon & SW Washington · 18 chains · Scale fleet
| Concern | Owner | Resolution |
|---|---|---|
| Operational control disputes | Both | Unanimous board vote; escalation to mediation clause in operating agreement |
| Unequal capital burden | Coastline | Fleet leased, not purchased; capital calls split 50/50 per operating agreement |
| Brand dilution risk | Harbor | FreshLink is distinct brand; Harbor retains approval over quality standards |
| Exit mechanics unclear | Both | Right of first refusal; 18-month notice; third-party valuation by agreed appraiser |