Kansas City, Missouri-headquartered Vertical Cold Storage (VCS), a developer and operator of temperature-controlled distribution centers, has finalized the acquisition of a frozen distribution center from Dothan Warehouse Investors in Dothan, Alabama. Terms of the transaction were not disclosed.
“We are excited to add Dothan to our growing network and are looking forward to partnering with them as we focus on integrating the business and serving our customers,” said West Hutchison, president and chief executive officer of Vertical Cold Storage. “Dothan is the third operation added to our network this year and we will finish the year with at least one, maybe two more.”
The Alabama facility opened in April 2019 and is located near several interstate highways. The primary focus of the site is providing export services to local poultry producers, but the operation is also well-suited to support a broad range of temperature-controlled distribution requirements. It has one-day delivery service to ports in Florida, Alabama, Georgia and Louisiana, is USDA-certified, and has 40 full-time employee.
Vertical Cold Storage is part of Platform Ventures, an independent private investment firm. It is vertically integrated across logistics, housing and real estate credit through subsidiaries that include a wholly owned SEC registered investment advisor. The company invests selectively across the capital structure in direct acquisitions, joint ventures, recapitalizations and reorganizations. Platform Investments, which is owned by Platform Ventures, manages over $3.2 billion of assets.
