Slate Asset Management and Hamilton Lane have acquired a majority equity stake in Cold-Link Logistics, one of the ten largest privately held cold storage platforms in North America, alongside co-investment partners led by GFH Partners. The transaction deepens Slate’s and Hamilton Lane’s exposure to essential real estate and infrastructure tied to the food supply chain.

Founded in 2016 and based in Hollywood, Florida, Cold-Link provides temperature-controlled storage and cold-chain solutions to a broad mix of U.S. and multinational food and perishable-goods producers and distributors. The company owns and operates nine state-of-the-art facilities across the Central, Northeastern, and Southeastern United States, totaling nearly 78 million cubic feet of ambient, refrigerated, and frozen capacity.

As part of the transaction, founders Michael and Nick Mandich and the existing management team will retain a meaningful stake in the business, aligning interests with the new institutional owners. Jeff Rodgers, Managing Director leading Infrastructure at Slate, said the investment boosts the firm’s exposure to a “critical and rapidly growing” segment of the food supply chain and backs a proven operator with a clear growth strategy.

J.P. Morgan served as exclusive financial advisor and King & Spalding LLP as legal counsel to Slate. Wells Fargo acted as exclusive financial advisor to Cold-Link, with Greenberg Traurig and Haber Law providing legal advice to the company.