Capstone Partners served as exclusive financial advisor to NOVA Coldstore Corp (“NOVA” or “The Company”) in connection with its sale to Lineage, a portfolio company of Bay Grove.
NOVA 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 metro 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, CA, Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments.
The acquisition of NOVA materially expands Lineage’s facility footprint and the breadth of their customer base within the New England region.
The team at [Capstone Partners] worked incredibly hard to help NOVA get prepared for a 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.
