M&A Deal Summary

Vertical Cold Storage Acquires Liberty Cold

On October 29, 2021, Vertical Cold Storage acquired real estate company Liberty Cold from West Liberty Foods

Acquisition Highlights
  • This is Vertical Cold Storage’s 1st transaction in the Real Estate sector.
  • This is Vertical Cold Storage’s 1st transaction in the United States.
  • This is Vertical Cold Storage’s 1st transaction in Illinois.

M&A Deal Summary

Date 2021-10-29
Target Liberty Cold
Sector Real Estate
Buyer(s) Vertical Cold Storage
Sellers(s) West Liberty Foods
Deal Type Divestiture

Target

Liberty Cold

Bolingbrook, Illinois, United States
Liberty Cold is a full-service logistics and public cold storage facility. The building features 36,000 pallet positions and 265 blast freezer positions, LED motion lighting, a 63-foot refrigerated dock and drop trailer flexibility. Liberty Cold was founded in 2015 and is based in Bolingbrook, Illinois.

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Buyer(S) 1

Buyer

Vertical Cold Storage

North Sioux City, South Dakota, United States

Category Company
Founded 2020
Sector Real Estate
DESCRIPTION

Vertical Cold Storage is a full-service solution provider that builds, develops, and operates temperature-controlled facilities throughout the United States. Vertical Cold emphasizes customer care and the satisfaction of supply chain professionals while deploying the industry’s most up-to-date technology and automation. Vertical Cold Storage was founded in 2020 and is based in North Sioux City, South Dakota.


DEAL STATS #
Overall 1 of 4
Sector (Real Estate) 1 of 3
Type (Divestiture) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 4
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Lone Star Cold Storage

Richardson, Texas, United States

Lone Star Cold Storage is a privately owned and operated temperature-sensitive warehousing and distribution solutions provider with locations in north Texas. The experienced Lone Star team supports several of the nation’s largest suppliers of frozen and refrigerated products. Lone Star Cold Storage is based in Richardson, Texas.

Buy -

Seller(S) 1

SELLER

West Liberty Foods

West Liberty, Iowa, United States

Category Company
Founded 1996
Sector Food
DESCRIPTION

West Liberty Foods is a provider in the food industry, that manufactures a wide variety of turkey, ham, chicken, and beef products that can be found in well-known grocery stores and top restaurants nationwide. West Liberty Foods was founded in 1996 and is based in West Liberty, Iowa.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1