Announced
Financials
Tags
Food Products
Private
food storage
warehousing services
United States
Merger
food products
Private Equity
Synopsis
Merger between Cloverleaf Cold Storage, a leading cold storage warehousing company serving customers across its Midwest and Southeast locations, and Zero Mountain, a leading cold storage warehousing and transportation company serving customers across its Arkansas locations. Financial terms were not disclosed. Existing investors in Cloverleaf, which include private equity funds affiliated with Blackstone, the Kaplan and Feiges families, and Medley Management, collectively will invest significant additional equity to facilitate the transaction, which is expected to close during the first quarter of 2019.
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