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Americold Realty Trust to buy Cloverleaf

Americold Realty Trust, a REIT focused on the development and ownership of temperature-controlled warehouses, has acquired Cloverleaf for $1.24 billion, PE Hub reported. The sellers include Blackstone. Cloverleaf is a cold storage provider. BofA Merrill Lynch and Goldman Sachs & Co. LLC acted as financial advisors to Americold on the transaction and Wells Fargo Securities and Deutsche Bank Securities Inc. did likewise for Cloverleaf and Blackstone.


M&A,real estate