- Slate Asset Management and Hamilton Lane have acquired a majority equity stake in Cold-Link Logistics, a leading US cold storage operator, with support from GFH Partners and other co-investors.
- Cold-Link owns nine state-of-the-art cold storage facilities totaling nearly 78M CB across the US, supporting major food and perishable goods supply chains.
- The investment highlights growing institutional interest in critical food infrastructure, especially as modern facilities built post-2022 make up the bulk of Cold-Link’s portfolio.
Strategic Acquisition In Food Infrastructure
Slate Asset Management and Hamilton Lane acquired a majority stake in Florida-based Cold-Link Logistics, a cold storage platform, reports IREI. The move signals growing institutional interest in essential infrastructure assets supporting nondiscretionary goods such as food and perishables.
The acquisition, backed by GFH Partners and others, expands Slate’s portfolio of real assets tied to everyday essential needs.
Cold-Link’s Rapid Rise
Founded in 2016 by Michael and Nick Mandich, Cold-Link is now among North America’s top privately held cold storage firms. Its network includes nine advanced facilities offering ambient, refrigerated, and frozen storage. These are primarily located in the central, northeastern, and southeastern US.
Most of Cold-Link’s pallet volume is in facilities built since 2022, positioning it as a modern cold chain leader.
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Leadership Stays In Place
The Mandich brothers and the current management team will retain a significant ownership stake and continue leading the company. This continuity will support Cold-Link’s next growth phase, backed by Slate’s capital and real asset management expertise.
“This partnership marks a pivotal inflection point,” said Michael Mandich, emphasizing the company’s customer-first values and long-term vision. Nick Mandich added that the company’s family-built culture remains central as they scale with institutional backing.
Why It Matters
Cold storage is a growing real estate sub-sector, fueled by rising demand for food security, pharmaceuticals, and e-commerce logistics. Institutional capital is flowing into the space as investors seek resilient, essential assets with long-term tailwinds.
“Our investment increases exposure to a critical and rapidly growing segment of the food supply chain,” said Jeff Rodgers of Slate.
What’s Next
With strong institutional backing, Cold-Link plans to accelerate growth, streamline operations, and expand into new markets. As demand for food logistics and cold-chain services rises, Cold-Link aims to play a central role in supporting modern supply chains.
