M&A Deal Summary

Americold Realty Trust Acquires Lanier Cold Storage

On May 1, 2019, Americold Realty Trust acquired real estate company Lanier Cold Storage for 82M USD

Acquisition Highlights
  • This is Americold Realty Trust’s 2nd transaction in the Real Estate sector.
  • This is Americold Realty Trust’s 3rd largest (disclosed) transaction.
  • This is Americold Realty Trust’s 2nd transaction in the United States.
  • This is Americold Realty Trust’s 1st transaction in Georgia.

M&A Deal Summary
Date 2019-05-01
Target Lanier Cold Storage
Sector Real Estate
Buyer(s) Americold Realty Trust
Deal Type Add-on Acquisition
Deal Value 82M USD

Target

Lanier Cold Storage

Lula, Georgia, United States
Lanier Cold Storage consists of two temperature-controlled storage facilities, which total over 14 million refrigerated cubic feet and approximately 51,000 pallet positions. The facilities, located in Gainesville, Georgia and Lula, Georgia, are served by major highways and railways and are designed to supply poultry and other products to markets across the U.S.

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Buyer(S) 1

Buyer

Americold Realty Trust

Atlanta, Georgia, United States
Category Company
Sector Real Estate
Employees14,559
Revenue 2.7B USD (2023)
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 STATS #
Overall 2 of 7
Sector (Real Estate) 2 of 6
Type (Add-on Acquisition) 2 of 4
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2019) 2 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Cloverleaf Cold Storage

Sioux City, Iowa, United States

Cloverleaf Cold Storage is a family owned cold storage warehouse and processing company. Cloverleaf Cold was founded in 1952 and is now the 8th largest public refrigerated warehouse company in North America, as reported by the International Association of Refrigerated Warehouses, an industry trade group. Cloverleaf Cold has operations in eight states from the Midwest to the Southeastern US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 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.

Buy CA$337M
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