Americold and EQT Form $1.3 Billion Cold Storage Joint Venture in North America
Americold Realty Trust and EQT have formed a joint venture focused on cold storage facilities in North America. Americold contributed 12 facilities valued at over $1.3 billion, and EQT will own 70% of the venture while Americold retains 30% and management control. The transaction is expected to provide Americold with $1.1 billion in net cash proceeds, which will be used to repay debt.
Topics: cold storage investment joint venture logistics real estate