Americold Realty Trust closed a joint venture with EQT’s Active Core Infrastructure fund on August 31, 2026. The company contributed 12 cold storage facilities valued at over $1.3 billion to the new entity, Americold-EQT Cold Storage Partnership, LLC. In exchange for its contribution and a 30% equity stake in the joint venture, Americold received approximately $1.1 billion in net cash proceeds. EQT holds the remaining 70% interest. The company intends to use the proceeds to repay outstanding indebtedness, thereby strengthening its balance sheet. The joint venture will be managed by Americold and governed by a six-person board with equal representation from both members. This transaction represents a strategic divestiture of high-quality assets to reduce leverage while retaining operational control and upside potential through management fees and equity ownership. Americold Realty Trust operates in the temperature-controlled logistics and real estate industry, owning and managing cold storage warehouses globally.
