Announced
Completed
Financials
Sources
Tags
United States
Acquisition
Storage Terminals
Single Bidder
Domestic
Friendly
refrigerated warehouses
Private
Completed
Third Party Logistics (3PL)
Majority
Synopsis
Americold Realty Trust, a publicly-traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, completed the acquisition of Hall’s Warehouse, a provider of transportation and warehousing services, for $480m. “We are excited to expand our operating footprint in the Northeastern United States and advance two development opportunities, which enhance our ability to serve current and new customers while strengthening our network in North America. Through the Hall’s acquisition, we have acquired a fully integrated portfolio of high-quality facilities located near the Port of Newark. This portfolio complements our growing scale in a key market that is located within one day’s drive of approximately 30% of the population in the United States,” Fred Boehler, Americold Realty Trust President and Chief Executive Officer.
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