Americold and EQT Form $1.3 Billion Cold Storage Venture
Americold Realty Trust is partnering with EQT on a $1.3 billion venture. It will use $1.1 billion in proceeds to repay debt and manage the daily operations.
Americold Realty Trust will form a $1.3 billion cold-storage joint venture with investment firm EQT's Active Core Infrastructure fund to expand North American logistics. The deal involves Americold contributing 12 facilities and receiving $1.1 billion in net cash to repay debt. This partnership targets the growing demand for temperature-controlled infrastructure as food retailers prioritize supply chain resilience.
### EQT Takes Majority Stake in Cold Storage Platform The transaction gives EQT a 70% stake in the joint venture, while Americold retains a 30% interest. Americold will manage daily operations for the 12 temperature-controlled facilities. This deal creates one of the largest cold-storage platforms in North America.
