Americold

What Americold does

Americold Realty Trust (NYSE: COLD) is the only publicly traded REIT specializing in temperature-controlled infrastructure, operating a global network of more than 156 warehouses with nearly 1 billion cubic feet of capacity across North America (189 US facilities, 4.4M+ pallet positions), South America (Argentina), Europe (Austria, UK, Netherlands, Ireland, Poland, Portugal, Spain), Asia Pacific (Australia, New Zealand), and the Middle East (Dubai). The company completed its IPO in January 2018, raising $494M in net proceeds, and serves more than 2,400 food manufacturers, grocers, retailers, food service providers, and QSR chains including Snapfresh, Priestley's Gourmet Delights, Jerónimo Martins (300 stores in Portugal), and PLUS (440 stores in the Netherlands).

The company's core offering is temperature-controlled warehousing (frozen, refrigerated, and ambient) complemented by cold chain transportation, import/export services with on-site USDA/SENASICA inspections, and value-added services such as blast freezing, SKU mixing, and multi-vendor consolidation. Its technology stack includes the proprietary i-3PL logistics platform, the AOS (Americold Operating System) for warehouse management, EDI integration capabilities, and AS/RS automation systems — with the Russellville, Arkansas automated facility (2023) and Indianapolis upgrade delivering documented efficiency gains (sub-four-minute unload, 25% labor efficiency boost, 43% crane throughput increase). Design-build-operate is offered as an integrated service model for large customers.

Americold generates revenue through three streams: (1) recurring subscription-style storage fees based on cubic feet or pallet positions occupied under multi-year enterprise contracts, (2) transaction-based transportation and store case-pick fulfillment fees, and (3) managed-service fees for value-added processing. Pricing is negotiated enterprise-by-enterprise and not publicly disclosed. As of Q1 2026, quarterly revenue was approximately $629.9M with leverage at 6.8x debt-to-EBITDA against a 6x target; the company is mid-turnaround under new CEO Robert Chambers (Sept 2025) and CFO Christopher Papa (Feb 2026), with a $1.3B EQT joint venture (announced May 2026, closing Q3 2026) expected to deliver ~$1.1B in net proceeds for deleveraging.

Name

Americold

Legal name

Americold Realty Trust, Inc.

Website

https://americold.com.au

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Americold Realty Trust is the only publicly traded REIT specializing in temperature-controlled infrastructure, operating 156+ warehouses with nearly 1 billion cubic feet of capacity globally to serve 2,400+ food manufacturers, retailers, and food service providers with cold storage, transportation, and value-added logistics services.

Ownership category

akta.pro rank

Product category

Cold Chain Logistics and Temperature-Controlled Warehousing

NAICS

Refrigerated Warehousing and Storage (493120)

SIC

Public Warehousing & Storage (4220)

akta.pro primary industry

Public / Multi-Client Frozen Storage (3PL Cold Storage) (TLALACAJ)

akta.pro secondary industries

Cold Chain Fulfillment & Pick-Pack (E-grocery/D2C) (TLALABAL), Temperature-Controlled Cross-Dock / Blast Freezing & Tempering Facilities (TLALACAI), Temperature-Controlled Cross-Docking & Transload (Cold Chain) (TLALABAJ), Chilled/Refrigerated Food Warehousing (0–5°C) (AFAOAFAD)

Keywords

• Cold chain logistics
• Temperature-controlled warehousing
• Frozen food storage
• Refrigerated distribution
• Perishable goods supply chain

Headquarters

HQ city

Prospect

HQ country

Australia

HQ region

Oceania

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Cold Storage Warehousing Services: Temperature-controlled warehouse storage for food manufacturers, retailers, and food service providers. Revenue generated through warehouse storage fees based on cubic feet/pallet positions occupied, with contracts typically multi-year. Americold operates 156+ warehouses with nearly 1 billion cubic feet of capacity globally.
2. Transportation and Logistics Services: Cold chain transportation and distribution services including import/export operations, store case pick fulfillment, and multi-temperature delivery. Revenue generated through transportation fees per shipment or case handled.
3. Value-Added Services: Blast freezing, SKU mixing, multi-vendor consolidation, export support, and custom supply chain solutions. Revenue generated through service fees for specialized handling and processing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Americold operates temperature-controlled warehouses and provides end-to-end cold chain logistics services, including storage (refrigerated and frozen), transportation, import/export handling, and value-added services such as blast freezing, SKU mixing, multi-vendor consolidation and design-build-operate facility delivery. The company serves food producers, grocery retailers, food service operators and QSR chains from 156+ warehouses with nearly 1 billion cubic feet of capacity across the Americas, Europe, Asia Pacific and the Middle East.

Product overview

Americold is a global temperature-controlled logistics and real estate REIT offering cold storage warehousing, transportation, and supply chain solutions. The company operates a network of temperature-controlled facilities across the Americas, Europe, Asia Pacific, and Middle East. Its core product portfolio centers on cold storage warehousing with approximately 1 billion cubic feet of capacity across 200+ facilities globally. The product suite includes transportation services, import/export operations with USDA inspection capabilities, and technology platforms including EDI and i-3PL. Value-added services encompass blast freezing, SKU mixing, multi-vendor consolidation, and custom supply chain solutions. The company serves producers (protein, dairy, bakery, agriculture, CPG), retailers, food service providers, direct-to-consumer businesses, and QSR chains through a combination of standard warehousing and design-build-operate facility arrangements.

Differentiator

Problem solved

Functional benefit

Brands

• i-3PL: Technology platform for supply chain management and EDI integration
• AOS

Products and services

• Cold Storage Warehousing Temperature-controlled storage facilities providing refrigerated and frozen storage across a global network of warehouses in the US, Canada, Argentina, Australia, New Zealand, Europe and the Middle East, with nearly 1 billion cubic feet of total capacity.
• Transportation Services Cold chain transportation solutions for moving temperature-sensitive food products from producers to retailers and end consumers, including store case pick fulfillment and last-mile retail delivery.
• Import/Export Services Specialized import-export logistics solutions including on-site USDA and SENASICA inspection services, facilitating cross-border cold chain movement for perishable goods through strategic hubs co-located with rail and port infrastructure.
• Value-Added Services Comprehensive suite of specialized handling services including blast freezing, SKU mixing, multi-vendor consolidation, export support, custom packaging and 24/7 customer service.
• Design-Build-Operate Integrated service model in which Americold designs, constructs and operates custom cold storage facilities for customers, tailoring infrastructure to specific customer requirements.
• Cold Supply Chain Management End-to-end cold chain management services coordinating the movement of frozen and refrigerated products from manufacturers through storage to retail.
• i-3PL Platform Proprietary third-party logistics platform providing customers with visibility and control over their cold chain operations, including inventory tracking and order management.
• Custom Supply Chain Solutions Tailored cold chain solutions designed to meet specific customer requirements across various industry segments and product types.
• Dubai Jebel Ali Cold Storage Facility Multi-temperature cold storage facility at Jebel Ali Port developed through RSA Cold Chain joint venture with DP World, offering 40,000 pallet positions as the largest cold storage facility in the Middle East and a critical import-export hub for Gulf Cooperation Council markets.

Quantifiable outcome

• 77% injury reduction at Americold facilities using Voxel AI safety monitoring
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Jerónimo MartinscoreStrategic or Co-development Partner · 21 May 2026Multi-year partnership with Portugal's leading retail group to manage frozen product storage and store case pick fulfillment operations. Americold handles approximately 12 million cases of frozen products annually, serving roughly 300 retail stores across Portugal from its Lisbon facility. Collaboration created more than 80 new jobs.
• PLUScoreStrategic or Co-development Partner · 14 May 2026Expanded partnership with Netherlands-based supermarket cooperative operating approximately 440 stores. Americold manages frozen product storage, handling, and distribution through its Barneveld distribution center. Agreement supports PLUS's strategy to consolidate frozen logistics operations nationwide through phased transition.
• CPKC (Canadian Pacific Kansas City)coreStrategic or Co-development Partner · 13 February 2026Strategic collaboration providing temperature-controlled rail service connecting Kansas City to Mexico for perishable goods. Leverages Americold's Kansas City import-export hub co-located with CPKC's intermodal terminal. Offers onsite USDA and SENASICA inspection services enabling local certifications rather than border processing. Partnership enables Mexico Midwest Express service via Nuevo Laredo with approximately 2,000 refrigerated container capacity.
• DP WorldcoreStrategic or Co-development Partner · 25 September 2025Joint venture RSA Cold Chain partnership for Dubai facility at Jebel Ali Port. Americold opened its largest Middle East cold storage facility with 40,000 pallet positions and multi-temperature capabilities. Serves as critical import-export hub connecting global food producers to Gulf Cooperation Council markets. Aligns with Dubai's D33 vision for food security.

Scale indicators24 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• NewCold: European-headquartered automated cold storage specialist that competes with Americold's automated facilities (e.g., Russellville) and is expanding into the US market with highly automated large-scale facilities serving similar food manufacturer and retailer customers.
• Lineage Logistics: The largest global temperature-controlled warehouse and logistics operator and Americold's primary direct competitor. Operates a similarly scaled network of public/3PL cold storage facilities with comparable value-added services and customer segments (food producers, retailers, foodservice).
• Interstate Cold Storage: Regional public cold storage 3PL operator competing with Americold in frozen and refrigerated storage for food producers and retailers across the Midwest and broader US footprint.
• United States Cold Storage (USCS): Privately held US-based public cold storage operator directly competing with Americold in temperature-controlled warehousing, transportation, and value-added services for food manufacturers and retailers.

Regional players

• Yusen Logistics: Asia-headquartered global logistics provider with temperature-controlled warehousing and transportation services comparable to Americold's offering; primarily serves APAC supply chains with growing international presence.
• Nichirei Logistics: Japan-based temperature-controlled logistics operator with the largest cold storage network in Asia, comparable to Americold in business model and offering; primarily serves Japanese and APAC customers rather than directly competing in the Americas.

Emerging players

• AGRO Merchants Group: Cold storage operator acquired by Americold in 2020 (now part of Americold), historically comparable as a multinational public/3PL cold storage peer with operations across the Americas, Europe, and Asia Pacific.
• Burris Logistics (Trinity Logistics / Custom Refrigerated): US-focused temperature-controlled warehousing and refrigerated trucking operator serving food manufacturer and retailer customers with a meaningful but smaller footprint than Americold's national network.

Broad incumbents

• Kuehne+Nagel (Cold Chain Logistics): Global logistics incumbent offering integrated cold chain forwarding, warehousing, and transportation solutions overlapping with Americold's import/export and transportation service lines as part of a broader logistics portfolio.
• DHL Global Forwarding (Life Sciences & Cold Chain): Global logistics incumbent with temperature-controlled air, ocean, and road freight solutions, competing with Americold's transportation and import/export offerings for multinational food and pharmaceutical customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/americold
• Facebookfacebook.com/profile.php

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Americold