Americold to buy Cloverleaf for $1.24 bln

Americold has agreed to acquire Cloverleaf, a cold storage provider, for $1.24 billion. The sellers include Blackstone. The deal is expected to close in the second quarter of 2019. BofA Merrill Lynch and Goldman Sachs are acting as financial advisers to Americold while Wells Fargo Securities and Deutsche Bank Securities Inc did likewise for Cloverleaf and Blackstone.

DealsNorth AmericaUSBriefs