Divestiture • Real Estate

Americold Realty Trust Acquires Nova Cold Logistics

On November 21, 2019, Americold Realty Trust acquired real estate company Nova Cold Logistics from Brookfield Private Equity for 337M CAD

Acquisition Context
  • This is Americold Realty Trust’s 4th transaction in the Real Estate sector.
  • This is Americold Realty Trust’s largest (disclosed) transaction.
  • This is Americold Realty Trust’s 1st transaction in Canada.
  • This is Americold Realty Trust’s 1st transaction in Ontario.

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M&A Deal Summary

Date November 21, 2019
Target Nova Cold Logistics
Sector Real Estate
Buyer(s) Americold Realty Trust
Sellers(s) Brookfield Private Equity
Deal Type Divestiture
Deal Value 337M CAD

Target Company

Nova Cold Logistics

Brampton, Ontario, Canada
Nova Cold Logistics is a cold storage platform provider. Nova Cold Logistics offers modern cold storage facilities, superior customer care and service, CFIA establishments and a long-term partnership approach that aims to maximize your success. Nova Cold Logistics is based in Brampton, Ontario.
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Buyer Overview 1

Buyer

Americold Realty Trust

Atlanta, Georgia, United States

Category Company
Sector Real Estate
Employees13,755
Revenue 2.7B USD (2024)
DESCRIPTION

Americold Realty Trust is a REIT focused on the ownership, operation, and development of temperature-controlled warehouses. Americold owns and operates temperature-controlled warehouses in the United States, Australia, New Zealand, Canada, and Argentina. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers. Americold Realty Trust is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 4 of 7
Sector: Real Estate 4 of 6
Type: Divestiture 2 of 2
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2019 4 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 MHW Group - Two Mid-Atlantic Cold Storage Facilities

Perryville, Maryland, United States

MHW Group's Two Mid-Atlantic Cold Storage Facilities consists of two facilities totaling 19.0 million cubic feet and approximately 86,000 pallet positions located in Chambersburg, PA, and Perryville, MD.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 SuperFrio

Ribeirao Preto, Brazil

SuperFrio is a refrigerated logistics company that offers excellent services following the path of innovation. SuperFrio provides customers with logistical solutions that guarantee greater quality, agility, reliability, and preservation of their brand, maintaining high operational performance. SuperFrio is based in Ribeirao Preto, Brazil.

Buy -

Seller Profile 1

DESCRIPTION

Brookfield Private Equity is the private equity arm of global asset management firm, Brookfield Asset Management. Brookfield Private Equity looks to acquire and invest in a variety of North American and European companies with broad sector interest in business services, industrials, and residential real estate. In addition to acquiring companies, Brookfield looks to invest in businesses through the public debt and equity markets, or by providing financing. Brookfield Private Equity is based in Toronto.


Deal Context for Seller #
Overall 8 of 10
Sector: Real Estate 1 of 1
Type: Divestiture 1 of 1
State: Ontario 2 of 3
Country: Canada 3 of 4
Year: 2019 2 of 2
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Genesee & Wyoming

Darien, Connecticut, United States

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.

Buy $8.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Wireless Infrastructure Group

Bellshill, United Kingdom

Wireless Infrastructure Group Ltd. is a telecoms infrastructure company involved in the ownership and management of mobile cell sites in the UK and Europe. WIG acquires, manages and operates wireless cell sites (rooftop or greenfield masts or towers) for wireless service providers. Wireless Infrastructure Group Ltd. was established in 1995 and is based in Bellshill, United Kingdom.

Buy £575M