Americold Realty Trust Closes Acquisition of Cloverleaf Cold Storage
Staff Report From Metro Atlanta CEO
Thursday, May 2nd, 2019
Americold Realty Trust, the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses, announced that the Company has closed its acquisition of privately-held Chiller Holdco, LLC (“Cloverleaf Cold Storage” or “Cloverleaf”).
Under the agreement, Americold acquired a portfolio consisting of 22 facilities, of which 21 are owned and one is managed, totaling 132 million refrigerated cubic feet. Americold’s portfolio now totals over one billion refrigerated cubic feet.
BofA Merrill Lynch and Goldman Sachs & Co. LLC acted as exclusive financial advisors to Americold. King & Spalding LLP acted as legal advisor to Americold.