Slate Asset Management and Hamilton Lane have acquired a majority equity stake in Cold-Link Logistics, a rapidly growing cold storage company in North America. Founded in 2016 by brothers Michael and Nick Mandich, Cold-Link operates nine modern facilities totaling nearly 78 million cubic feet of storage capacity across the US.

The acquisition, supported by various partners, strengthens Slate’s position in essential real estate assets supporting the food supply chain. Jeff Rodgers, Managing Director at Slate, highlights the long-term resilience of the sector and the growth potential in temperature-controlled logistics, driven by rising consumer demand and supply chain complexity.

Cold-Link founders see the deal as a strategic alignment for growth. Michael Mandich notes the company’s significant expansion in under 10 years and their partnership with Slate will accelerate their business strategy. Nick Mandich emphasizes the company’s commitment to its team and customers, confident in the growth opportunities ahead.

Hamilton Lane, a global private markets investor, brings scale and expertise to the transaction, aligning with unique opportunities in essential infrastructure and logistics. Cold-Link’s focus on high-efficiency cold storage assets, built as recently as 2022, positions the company well amid industry trends like reshoring operations and increased demand for refrigerated capacity.

While financial terms were not disclosed, the deal signifies investor confidence in Cold-Link’s growth trajectory and the long-term potential of cold storage infrastructure. The partnership between Slate, Hamilton Lane, and Cold-Link aims to capitalize on the increasing demand for temperature-controlled logistics and drive the company’s expansion across North America.

Read more at Yahoo Finance: Slate Asset Management and Hamilton Lane Back Cold-Link Logistics at a critical growth juncture