Americold Realty Trust Buys Nova Cold Logistics for $254M
GlobeSt | November 22, 2019
Americold Realty Trust has struck a deal to buy the Canada-based Nova Cold Logistics for approximately $254 million from Brookfield Business Partners. The Nova Cold portfolio consists of three locations in Toronto, Calgary, and Halifax with additional acreage for future expansions. Americold already has a presence in the country through its third-party management business and its current customer base has significant overlap with Nova Cold’s. The transaction is expected to close in the first quarter of 2020.