M&A Deal Summary

Americold Realty Trust Acquires Nova Cold Logistics

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2019-11-21
Target Nova Cold Logistics
Sector Real Estate
Buyer(s) Americold Realty Trust
Sellers(s) Brookfield Business Partners
Deal Type Divestiture
Deal Value 337M CAD

Target

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(S) 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 STATS #
Overall 4 of 7
Sector: Real Estate M&A 4 of 6
Type: Divestiture M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 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(S) 1

SELLER

Brookfield Business Partners

Hamilton, Bermuda

Category Company
Sector Business Services
Employees72,000
Revenue 40.6B USD (2024)
DESCRIPTION

Brookfield Business Partners acquires high-quality businesses and applies its global investing and operational expertise to create value, with a focus on profitability, sustainable margins, and sustainable cash flows. Brookfield Business Partners has the flexibility to invest across multiple industries and through many forms. Brookfield Business Partners is based in Hamilton, Bermuda.


DEAL STATS #
Overall 2 of 2
Sector: Real Estate M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2019 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-22 Genworth MI Canada

Oakville, Ontario, Canada

Genworth MI Canada, Inc. is a private residential mortgage insurer providing mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. Genworth MI Canada was founded in 1995 and is headquartered in Oakville, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-27 Modulaire Group

London, United Kingdom

Modulaire Group creates smart spaces for people to live, work, and learn. Modulaire Group has operations in 25 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. Modulaire Group operates as Algeco in Europe and Scandinavia, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels, and BUKO Bouwsystemen in The Netherlands, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China. Modulaire Group is based in London, United Kingdom.

Buy $5.0B