Brookfield's Private Equity Group Acquires Canadian Cold Storage Business
Brookfield Asset Management, Canada, acquired the stock of Millard Refrigerated Services’ Canada operations located in Brampton, Ontario and Calgary, Alberta. The sale closed May 31. Financial terms were not disclosed.
Millard will use the funds from the sale to focus on U.S. customers by investing in warehousing opportunities and value-added solutions, and anticipates expanding select facilities to accommodate growth. The company will also dedicate resources for the continued development of its Millard Maritime facility in Theodore, Ala.