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GlobeNewswire·

Americold Realty Trust, Inc. and EQT Announce a $1.3 Billion North American Cold Storage Joint Venture

COLD
  • Americold Realty Trust & EQT announced a new joint venture focused on owning, operating, & developing high-quality cold storage facilities in North America.
  • Americold will contribute 12 cold storage facilities valued at over $1.3 billion to the joint venture.
  • The contributed assets total approximately 124 million cubic feet of capacity & over 400,000 pallet positions across the United States.
  • EQT will acquire a 70% equity interest, while Americold retains 30% & serves as the day-to-day manager.
  • Americold expects net cash proceeds of approximately $1.1 billion to repay outstanding debt.
  • The joint venture is expected to be among the largest cold storage operators in North America on a standalone basis.
  • The transaction is expected to close in the third quarter of 2026, subject to regulatory approvals.
  • Eastdil Secured LLC served as financial advisor to Americold, while J.P. Morgan Securities LLC & Morgan Stanley advised EQT & provided financing.
  • The partnership aims to leverage Americold's operational expertise & EQT's infrastructure development experience for future growth.