Companies · COLD
Americold Realty
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Updated Aug 31, 2026
Americold closes $1.3B North American cold storage JV with EQT, receives $1.1B in net proceeds for debt reduction.
Americold completed the formation of Americold-EQT Cold Storage Partnership on August 31, 2026, contributing 12 temperature-controlled warehouse facilities valued at over $1.3 billion in exchange for a 30% equity stake and approximately $1.1 billion in net cash proceeds. EQT's Active Core Infrastructure fund acquired a 70% interest. Americold will serve as day-to-day manager of the platform, and the joint venture obtained $845.5 million in mortgage financing at closing. The transaction is expected to strengthen Americold's balance sheet by reducing leverage and providing financial flexibility for future growth.
Tone: bullishRevenue
$2.6B
COLD 10-K · FY 2025
Employees
12,690
Revenue FY2024
$2.7B
Founded
2002
Profile
COLD 10-K Item 1 · Feb 26, 2026Americold Realty Trust is a self-administered, self-managed publicly traded REIT and global leader in temperature-controlled logistics and real estate. Operating 231 warehouses across four continents with approximately 1.4 billion cubic feet of capacity, the company connects food producers, processors, distributors, and retailers across the cold chain. Its three segments — Warehouse, Transportation, and Third-Party Managed — serve nearly 3,000 customers worldwide.
Read filing description ↓ Collapse description ↑
Americold (NYSE: COLD) is a global leader in temperature-controlled logistics and real estate, supporting the safe, efficient movement of food worldwide. We connect producers, processors, distributors, and retailers. Leveraging deep industry expertise, advanced technology, and sustainable practices, Americold delivers reliable cold storage and transportation solutions that create lasting value for customers and communities. We operate as a self-administered and self-managed publicly traded real estate investment trust ('REIT') with proven operating, development and acquisition expertise. As of December 31, 2025, we operated a global network of 231 temperature-controlled warehouses encompassing approximately 1.4 billion cubic feet, with 188 warehouses in North America, 23 warehouses in Europe, 18 warehouses in Asia-Pacific, and 2 warehouses in South America. In addition, we hold a minority interest in one joint venture, RSA Cold Holdings Limited, which operates 2 temperature-controlled warehouses in Dubai. Throughout 2025 we viewed our business through three primary business segments: Warehouse, Transportation, and Third-Party Managed. Our temperature-controlled warehouses are mission-critical assets within the global cold chain, supporting the safe, efficient movement of food products from production to consumption. The cold chain is essential to preserving product quality, protecting brand integrity, and ensuring consumer safety. Our global network is designed to support a broad range of customer solutions across the temperature-controlled food supply chain and focuses on four primary solution-oriented nodes: production-focused, forward distribution-focused, retail solutions-focused, and port-oriented facilities.
Primary products
- temperature-controlled warehouse storage
- handling services
- blast freezing
- e-commerce fulfillment
- case-picking
- consolidation services
Business segments
End markets
Geographies
“We believe our ability to offer a full suite of cold-chain solutions across an integrated global network supported by our scale, operating expertise, and standardized processes represents a key competitive advantage.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenues declined from $2,666.5 million in 2024 to $2,601.8 million in 2025, driven by decreases across all three segments — Warehouse, Transportation, and Third-Party Managed.
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