Americold Realty Trust Forms $1.3 Billion North American Cold Storage Joint Venture With EQT

I Squared Capital Agrees to Acquire a Controlling Stake in Royale Cold Storage

June 3, 2025

Logistics & Distribution

I Squared Capital agreed to acquire a controlling stake in Royale Cold Storage (RCS), a leading cold storage operator in the Philippines. The investment is intended as the first step in building an institutional cold storage platform in the country, leveraging RCS’s five facilities and relationships with food and agriculture customers. Closing is subject to customary conditions, including Philippine anti-trust clearance.

Vertical Cold Storage Acquires Arctic Logistics

April 2, 2025

Logistics & Distribution

Vertical Cold Storage, sponsored by Platform Ventures, acquired Arctic Logistics' 140,000 sq ft cold storage facility in Canton, Michigan. The acquisition expands Vertical Cold's national footprint and cross-border capabilities for U.S.-Canada trade; terms were not disclosed.

Ridgewood Infrastructure Acquires Valley Cold Storage & Transportation

December 6, 2024

Logistics & Distribution

Ridgewood Infrastructure has acquired Valley Cold Storage & Transportation, a New Mexico–based provider of temperature-controlled storage and logistics services, to support the company’s continued expansion into existing and new markets. Citizens served as exclusive financial advisor to Ridgewood and Kirkland & Ellis represented Ridgewood on the transaction.

EQT Infrastructure VI Acquires Constellation Cold Logistics from Arcus Infrastructure Partners

June 24, 2024

Logistics & Distribution

EQT Infrastructure VI (managed by EQT) has agreed to acquire Constellation Cold Logistics from Arcus Infrastructure Partners. Constellation is a London-headquartered cold storage owner-operator with 26 large facilities across seven Western European and Nordic countries, ~700 employees and expected FY24 revenue above EUR 150 million; EQT will support further geographic expansion, consolidation and investments in automation and digital capabilities.

TorQuest Partners Acquires VersaCold Logistics Services

December 16, 2020

Logistics & Distribution

TorQuest Partners, together with co-investors The Investment Management Corporation of Ontario (IMCO) and OPTrust, completed the acquisition of VersaCold Logistics Services from KingSett Capital and Ivanhoé Cambridge. VersaCold's management (led by Mike Arcamone as CEO) rolled equity and will continue to operate the business as the new investors support growth of the company's temperature‑controlled warehousing and food logistics network in Canada.

Americold Realty Trust Acquires Cloverleaf Cold Storage

May 1, 2019

Logistics & Distribution

Americold Realty Trust (NYSE: COLD) has closed its acquisition of privately-held Chiller Holdco, LLC ("Cloverleaf Cold Storage"), adding a 22-facility portfolio (21 owned, 1 managed) totaling 132 million refrigerated cubic feet. The acquisition increases Americold's portfolio to over one billion refrigerated cubic feet and expands its temperature-controlled warehousing footprint and capabilities.