Vertical Cold Storage Completes Purchase of Dothan Facility
13 Agosto 2024 - 9:30AM
Business Wire
Alabama facility is the third location opened
or acquired by the company in 2024
Vertical Cold Storage, a developer and operator of
temperature-controlled distribution centers sponsored by real
estate investment firm Platform Ventures, finalized the acquisition
of the frozen distribution center from Dothan Warehouse Investors
in Dothan, Alabama. Terms were not disclosed.
“We are excited to add Dothan to our growing network of
temperature-controlled distribution centers and are looking forward
to partnering with them as we focus on integrating the business and
serving our customers. Dothan is the third operation we’ve added to
our network this year and we will finish the year with at least
one, maybe two more,” said West Hutchison, President and CEO of
Vertical Cold Storage.
The Dothan facility opened in April 2019 and is located near
several interstate highways. The primary focus of the site is
providing export services to local poultry producers but is
well-suited to support a broad range of temperature-controlled
distribution services. It has one-day delivery service to ports in
Florida, Alabama, Georgia and Louisiana, is USDA-certified, and
employs 40 full-time team members.
About Vertical Cold Storage Vertical Cold Storage is an
industry leader in delivering reliable, flexible, and
cost-effective cold storage and logistics solutions for the food
and beverage industry. We are committed to giving our customers the
competitive edge they need to consistently thrive in the complex
and ever-evolving business environment of perishables. We offer
temperature-controlled cold storage warehousing and distribution
solutions in the cities and surrounding areas of Chicago,
Dallas-Fort Worth, Indianapolis, Omaha, Charlotte, Miami, Kansas
City, and more. Our services are backed by a team of industry
veterans and cutting-edge technology with a singular focus on
quality results and excellent customer service. Vertical Cold is
focused on acquiring and integrating existing and developing
greenfield cold storage facilities and providing a consistent
customer experience across our entire platform. More information is
available at www.verticalcold.com.
About Platform Ventures Platform Ventures (or the “Firm”)
is an independent, entrepreneurial private investment firm that
invests through closed and open-end opportunistic real estate funds
with scalable investment strategies. The Firm’s operator-oriented
investment platform is vertically integrated across logistics,
housing, and real estate credit through subsidiaries that include a
wholly owned SEC registered investment advisor. The Firm invests
selectively across the capital structure in direct acquisitions,
joint ventures, recapitalizations, and reorganizations. Platform
Investments, which is owned by Platform Ventures, manages over $3.2
billion of assets1 on behalf of institutional, family office and
high net worth investors. Visit platformv.com for more
information.
1) As of March 31, 2024. This includes assets managed by our
affiliates who are not registered investment advisers, and this
amount does not represent Regulatory Assets Under Management as
defined by the SEC. SEC registration does not imply a certain level
of skill or training.
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Media Susan Hrabik Vertical Cold Storage (402) 880-5592
susan.hrabik@verticalcold.com