Bain Capital, an American private investment firm, and Barber Partners, a commercial real estate developer, agreed to form a joint venture in a $500m deal. "Our team has successfully developed ground-up construction of commercial investment properties for a very long time, and we are experts at delivering first-class products to meet tenant/consumer demands. There is no question that there is an enormous need for new, modern cold storage facilities – even before Covid the consumption of prepared and frozen meals was rapidly on the rise," Patrick J. Barber, Barber Partners Chairman of the Board.