Emergent Cold Latin America, Latin America’s newest temperature-controlled warehousing and logistics provider, today announced the launch of the Company with a $450MM capital raise, which will provide food and beverage customers with access to the region’s highest quality cold storage facilities and fill a growing need for integrated end-to-end logistics solutions within the market. Anchor investors are Lineage Logistics (“Lineage”), the world’s largest temperature-controlled industrial REIT and logistics solutions provider; Stonepeak Partners LP (“Stonepeak”), a leading alternative investment firm specializing in infrastructure and real assets; and D1 Capital Partners, an investment fund founded by Dan Sundheim. The Company also announced the completion of its first strategic acquisition of Perú’s newest and most advanced individually quick-frozen (IQF) fruit processing facility located in Piura, along with its 7,300-pallet-position warehouse which serves Northern Perú’s domestic customers as well as the import/export trade at Paita Port. Emergent LatAm – based out of São Paulo, Brazil and with a corporate office in Miami, Florida – will invest in existing leading cold storage operators and new greenfield projects throughout Latin America to expand its footprint of modern cold storage facilities and consistently bring the highest quality service to customers across the entire region. As a part of this strategy, the Company plans to deploy over $450 million of equity capital toward greenfield projects and acquisitions in Latin America over the next two to three years. The Company also plans to buy net-leased cold-storage real estate in key markets and to offer customers the opportunity to monetize cold storage assets within their supply chain portfolios.
As an anchor investor in Emergent LatAm, Lineage will provide the Company with key support services related to commercial, project development and technology functions. Additionally, Lineage will advise on operational best practices to accelerate Emergent LatAm’s path to creating a leading continental operator. Emergent Cold Latin America is building the highest quality cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. The Company was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers.