Americold Realty Trust, Inc. and EQT Announce a $1.3 Billion North American Cold Storage Joint Venture
Americold Realty Trust (NYSE: COLD) (“Americold”), a global leader in temperature-controlled logistics, and EQT, a purpose-driven global investment organization, today announced the formation of a new joint venture with EQT's Active Core Infrastructure fund ("EQT") focused on the ownership, operation, and potential development of high-quality cold storage warehouse facilities in North America.
Under the terms of the agreement, Americold will contribute 12 cold storage facilities to the joint venture with an aggregate value in excess of $1.3 billion at inception. The facilities are