Americold Realty Trust Announces Acquisition of Cloverleaf Cold Storage
Americold Realty Trust announced today that the Company has entered into a definitive agreement to acquire privately-held Chiller Holdco, LLC (“Cloverleaf Cold Storage” or “Cloverleaf”) from Cloverleaf management and an investor group led by private equity funds managed by Blackstone (NYSE: BX) for a purchase price of $1.24 billion (subject to customary adjustments). The closing of the acquisition is subject to customary closing conditions and is expected to occur in the second quarter of 2019. …