Slate Asset Management and Hamilton Lane acquired Cold-Link Logistics, a privately-held cold storage platform in North America. The acquisition further enhances Slate’s position as a leading owner and operator of essential real estate and infrastructure globally in support of non-discretionary needs of day-to-day life.
“In under 10 years, we have scaled Cold-Link into one of the largest privately held cold storage platforms in North America,” says Michael Mandich, president and managing partner of Cold-Link. “We are now at a pivotal inflection point in our growth and have found a trusted institutional partner in Slate with the capital, resources and asset management expertise to help us accelerate our business strategy and deliver essential cold storage solutions to customers who critically need them.”
“We are deeply grateful to the many individuals who supported the growth of our business, including our parents, who greatly influenced our approach to customer service. We are a company built on family values, and that legacy is carried forward every day by our exceptional team. We are confident that our partnership with Slate will only enhance that foundational aspect of our business. The decision to roll the majority of our equity and continue leading the business demonstrates our commitment to the company, belief in the Cold-Link team, and conviction in the growth opportunities that lie ahead,” adds Nick Mandich, partner at Cold-Link.
Key takeaways:
· Cold-Link provides temperature-controlled storage and cold chain solutions to a wide range of U.S. and multinational food and perishable goods producers and distributors.
· The company owns and operates nine state-of-the-art cold storage facilities spanning nearly 78 million cubic feet of ambient, refrigerated and frozen capacity.
· As part of the transaction, Cold-Link’s co-founders Michael Mandich and Nick Mandich and other members of the current management team will maintain a meaningful stake in the company.
