Americold Files for IPO

Dec. 16, 2009
Americold Realty Trust, a third-party logistics provider specializing in temperature-controlled distribution, has filed a proposed initial public offering (IPO) of its common shares with the U.S. Securities and Exchange Commission (SEC).

According to the SEC registration statement, the proposed maximum aggregate offering price of the IPO is $690 million. The registration statement has been filed but is not yet effective.

Reuters reported that Americold would use proceeds from the IPO to acquire warehouses owned by Canada's Versacold International Corp.

The joint book-running managers of the offering are Goldman, Sachs & Co. and J.P. Morgan Securities Inc., with Deutsche Bank Securities Inc., RBC Capital Markets Corp. and Wells Fargo Securities acting as co-managers.

A copy of the preliminary prospectus, when available, may be obtained by writing to Goldman, Sachs & Co., Attention: Prospectus Dept., 85 Broad Street, New York, NY 10004; or J.P. Morgan, Attention: J.P. Morgan Securities Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.