NOVA Coldstore has been acquired by Lineage

The private shareholders of NOVA Coldstore have sold the company to Lineage. The acquisition of NOVA materially expands Lineage’s facility footprint and the breadth of their customer base within the New England region.

NOVA Coldstore is a leading cold chain logistics provider that offers a comprehensive range of cold storage and related ancillary services to food wholesalers and distributors through its two best-in-class facilities in the Boston metropolitan area.

Lineage is one of the world’s leading temperature-controlled industrial REITs and integrated cold storage solutions providers with a global network of over 400 strategically located facilities, totaling more than 2.5 billion cubic feet of capacity across countries in North America, Europe and Asia-Pacific. Headquartered in San Francisco, California, Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments.

Oaklins TM Capital in the US served as the exclusive financial advisor to NOVA Coldstore in connection with its sale to Lineage, a portfolio company of Bay Grove.

Service

M&A sell-side

Parties

“The team at Oaklins TM Capital worked incredibly hard to help NOVA get prepared for an M&A transaction and then execute a competitive process. Their knowledge of my industry, relationships with key strategic buyers and investors and ‘hands-on’ approach to due diligence and documentation helped to engineer an amazing outcome and efficiently navigate a difficult, time-consuming and emotional process.”

Jay Rosen

President and CEO, NOVA Coldstore

Talk to the deal team

Jarrad Zalkin

Managing Director

Boston, United States
Oaklins TM Capital

View profile Get in touch

Greg Berube

Associate

Boston, United States
Oaklins TM Capital

View profile Get in touch

Related deals

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

Private Equity | Construction & Engineering Services | Energy | TMT

iwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets

iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.

Learn more

Largest AIM IPO in the business support services sector over the past five years has been completed

Business Support Services

Largest AIM IPO in the business support services sector over the past five years has been completed

MHA plc raised US$131 million (£98 million) through a placing and retail offer, achieving a market capitalization of approximately US$363 million (£271 million) on admission. This was the largest AIM IPO in the business support services sector over the past five years. The IPO provides a platform for continued investment in technology, talent and acquisitions, supporting the group’s ambition to become a top 10 UK professional services firm.

Learn more

Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector

Private Equity | Food & Beverage

Chequers Capital has acquired Gourmet Italian Food to strengthen presence in the ready meals sector

Chequers Partenaires S.A., acting as the management company of the private equity fund Chequers Capital XVIII SLP, together with management, has completed the acquisition of 100% of the share capital of Gourmet Italian Food S.p.A. (GIF). The company was previously owned by Alcedo SGR S.p.A. through the Alcedo IV Fund, FVS SGR S.p.A. through the Sviluppo PMI Fund, and minority shareholders.

Learn more