Americold Realty Trust and EQT form $1.3 billion North American cold storage joint venture
Type: Partnership · Technology: Agriculture · Country: United States · Value: $1.3B · Announced: 2026-05-07
Americold Realty Trust and EQT’s Active Core Infrastructure fund established a $1.3 billion joint venture to own, operate, and develop high-quality cold storage warehouse facilities across North America. Americold contributed 12 cold storage facilities valued at over $1.3 billion, totaling 124 million cubic feet of temperature-controlled capacity and 400,000 pallet positions. EQT acquired a 70% stake in the venture, while Americold retained 30% equity and will serve as the day-to-day manager, leveraging its operational expertise. The transaction is expected to generate approximately $1.1 billion in net cash proceeds for Americold, primarily to repay outstanding debt. The joint venture will serve as a long-term growth platform, with Americold providing development support to identify strategically located assets supporting key nodes in the cold chain.
Counterparties
- Americold Realty Trust (Partner)
- EQT Active Core Infrastructure (Partner)