Americold Rakes In A Few More Facilities
Temperature-controlled warehouse operator Americold Realty Trust (NYSE: COLD ) announced that it has entered into an agreement to acquire Canadian-based cold storage facility operator Nova Cold Logistics for C$337 million from asset management firm Brookfield Business Partners (NYSE: BBU ). (A Canadian dollar equals US$0.75.) The deal is expected to close in the first quarter of 2020. The Atlanta-based real estate investment trust (REIT) also announced that it closed on two other deals. Americold acquired two cold storage facilities in Maryland and Pennsylvania from MHW Group, Inc. and exercised an option to purchase the underlying land as well for $54 million. "We are excited to expand our infrastructure and presence in Canada and Mid-Atlantic U.S. with these highly strategic locations and modern facilities that offer compelling growth opportunities," said Americold's president and CEO Fred Boehler. The acquisition of Nova Cold provides Americold three new locations – Toronto, Calgary and Halifax – with 23.5 million cubic feet and 81,000 …
Americold Rakes In A Few More Facilities
Temperature-controlled warehouse operator Americold Realty Trust (NYSE: COLD ) announced that it has entered into an agreement to acquire Canadian-based cold storage facility operator Nova Cold Logistics for C$337 million from asset management firm Brookfield Business Partners (NYSE: BBU ). (A Canadian dollar equals US$0.75.) The deal is expected to close in the first quarter of 2020. The Atlanta-based real estate investment trust (REIT) also announced that it closed on two other deals. Americold acquired two cold storage facilities in Maryland and Pennsylvania from MHW Group, Inc. and exercised an option to purchase the underlying land as well for $54 million. "We are excited to expand our infrastructure and presence in Canada and Mid-Atlantic U.S. with these highly strategic locations and modern facilities that offer compelling growth opportunities," said Americold's president and CEO Fred Boehler. The acquisition of Nova Cold provides Americold three new locations – Toronto, Calgary and Halifax – with 23.5 million cubic feet and 81,000 …