Americold Successfully Closes $1.3 Billion North American Cold Storage Joint Venture with EQT

Americold Realty Trust completed its joint venture with EQT's Active Core Infrastructure fund, with EQT acquiring a 70% stake in a portfolio of 12 temperature-controlled warehouse facilities valued at $1.3 billion. Americold received approximately $1.1 billion in net cash proceeds, which will be used to repay debt and strengthen its balance sheet. The partnership is positioned as a long-term platform for growth in the North American cold storage sector.