Press Release

Kirkland Represents Cloverleaf Cold Storage and Blackstone in Sale to Americold Realty Trust for $1.24 Billion

Kirkland & Ellis advised Cloverleaf Cold Storage, a leading cold storage warehousing company, and private equity funds managed by Blackstone Group (NYSE:BX), one of the world’s leading investment firms, on the sale of Cloverleaf to Americold Realty Trust (NYSE: COLD), the world’s largest publicly traded REIT focused on the ownership, operation and development of temperature-controlled warehouses, for $1.24 billion. The closing of the acquisition is subject to customary closing conditions and is expected to occur in the second quarter of 2019.

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The Kirkland team was led by transactional partners Shawn O’Hargan and Peter Martelli and associates Arlene Ortiz-Leytte, Michael Ruderman and Matthew Stylianou.