Business
Slate Asset Management and Hamilton Lane Acquire Majority Stake in Cold-Link Logistics, a Leading North American Cold Storage Platform
NEW YORK--(BUSINESS WIRE)-- Slate Asset Management (“Slate” or the “Firm”), a global investor and manager focused on essential real estate and
About this update from Hamilton Lane Incorporated
[{"type":"text","content":" NEW YORK--(BUSINESS WIRE)--\nSlate Asset Management (“Slate” or the “Firm”), a global investor and manager focused on essential real estate and infrastructure, and private markets investment management firm Hamilton Lane (Nasdaq: HLNE), announced today the acquisition of a majority equity stake in Cold-Link Logistics (“Cold-Link” or the “Company”), one of the ten largest privately-held cold storage platforms 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 addition to Slate and funds managed by Hamilton Lane, the acquisition was completed with the support of co-investment partners, led by GFH Partners.\n\nBased in Hollywood, FL and founded in 2016 by Michael and Nick Mandich, Cold-Link provides temperature-controlled storage and cold-chain solutions to a wide range of US 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. The Company’s facilities are located across the Central, Northeastern and Southeastern US and are integrated and diversified across the food supply chain, complementing Slate’s existing portfolio of essential real estate and increasing the Firm’s exposure to assets vital to food logistics. Cold-Link’s portfolio is at the forefront of modern food supply chain infrastructure, with the majority of its current operated pallet volume concentrated in assets constructed in 2022 or later. As part of the transaction, Michael and Nick Mandich and other members of the current management team will maintain a meaningful stake in the Company.\n\n“Slate has been investing in real assets that underpin the distribution of everyday essential goods for nearly 15 years, driven by our conviction in the long-term defensiveness and resilience of this sector,” said Jeff Rodgers, Managing Director leading Infrastructure at Slate. “Our investment in Cold-Link increases our exposure to a critical and rapidly growing segment of the food supply chain through a proven operator with an exceptional platform and a clear strategy. We look forward to working closely with Cold-Link’s management team to capi...