Slate Asset Management, a global investor and manager focused on essential real estate and infrastructure, and private markets investment management firm Hamilton Lane, announced the acquisition of a majority equity stake in Cold-Link Logistics, 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. 

Based in Hollywood, Florida and founded in 2016 by Michael and Nick Mandich, Cold-Link provides temperature-controlled storage and cold-chain solutions to a wide range of U.S. 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.

“In under 10 years, we have scaled Cold-Link into one of the largest privately held cold storage platforms in North America,” said Michael Mandich, president and managing partner of Cold-Link. “We are now at a pivotal inflection point in our growth and have found a trusted institutional partner in Slate with the capital, resources and asset management expertise to help us accelerate our business strategy and deliver essential cold storage solutions to customers who critically need them.”

The company’s facilities are located across the Central, Northeastern and Southeastern U.S. 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.

“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 capitalize on the long-term demand drivers in the cold storage market and unlock the next phase of the company’s growth.”

About Cold-Link Logistics
Cold-Link Logistics is a full service, Third-Party Logistics Company built on Family Values dedicated to serving our customers’ needs through designing specific solutions to meet the ever-increasing demand on Cold Chain innovations and efficiencies.