NOVA Coldstore has been acquired by Lineage

The private shareholders of NOVA Coldstore have sold the company to Lineage. The acquisition of NOVA materially expands Lineage’s facility footprint and the breadth of their customer base within the New England region.

NOVA Coldstore is a leading cold chain logistics provider that offers a comprehensive range of cold storage and related ancillary services to food wholesalers and distributors through its two best-in-class facilities in the Boston metropolitan area.

Lineage is one of the world’s leading temperature-controlled industrial REITs and integrated cold storage solutions providers with a global network of over 400 strategically located facilities, totaling more than 2.5 billion cubic feet of capacity across countries in North America, Europe and Asia-Pacific. Headquartered in San Francisco, California, Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments.

Oaklins TM Capital in the US served as the exclusive financial advisor to NOVA Coldstore in connection with its sale to Lineage, a portfolio company of Bay Grove.

Service

M&A sell-side

Parties

“The team at Oaklins TM Capital worked incredibly hard to help NOVA get prepared for an M&A transaction and then execute a competitive process. Their knowledge of my industry, relationships with key strategic buyers and investors and ‘hands-on’ approach to due diligence and documentation helped to engineer an amazing outcome and efficiently navigate a difficult, time-consuming and emotional process.”

Jay Rosen

President and CEO, NOVA Coldstore

Talk to the deal team

Jarrad Zalkin

Managing Director

Boston, United States
Oaklins TM Capital

View profile Get in touch

Greg Berube

Associate

Boston, United States
Oaklins TM Capital

View profile Get in touch

Related deals

Lumiforte partners with Kartesia to propel global growth and innovation

Private Equity | Agriculture | Other Industries

Lumiforte partners with Kartesia to propel global growth and innovation

Lumiforte, a global leader in innovative smart coatings for greenhouse horticulture, sports line-marking and other functional coatings for agriculture and industry, is excited to announce an investment from Kartesia, a European specialist in capital solutions for small and medium-sized companies. Horticoop, a longstanding shareholder of Lumiforte and a key player in the horticultural industry through its investment cooperative, continues to remain a shareholder.

Learn more

Yxion has been acquired by Normec

Private Equity | Business Support Services

Yxion has been acquired by Normec

Normec has acquired Dutch consultancy Yxion from Antea. Through this acquisition, Normec continues its acquisition strategy in Europe, while also looking for expansion opportunities in the United States.

Learn more

Grove Group has been acquired by Integrity360 Limited

Business Support Services | TMT

Grove Group has been acquired by Integrity360 Limited

Integrity360 has acquired Grove Group, a long-standing cyber security and cloud services company headquartered in Cape Town, South Africa.

Learn more