Americold Realty Trust (NYSE:COLD) agreed to acquire Newark Facility Management in Newark, New Jersey for approximately $390 million on August 5, 2021. The transaction is expected to close in September 2021. L. Wayne Pressgrove, Joshua M. Kamin, Amanda A. Sonneborn, Laura S.Huffman, W. Scott Petty, Smitha G.Stansbury, Christina M.Markus, Matthew Nichols, William C.Westbrook, James K.Vines, Les Oakes, Jake Downing, Sumon Dantiki, C. Spencer Johnson III and John M. Anderson of King & Spalding LLP acted as a legal advisor to Americold Realty Trust. Raymond James served as the exclusive financial advisor to Newark Facility Management in connection with the transaction. Raymond James Financial, Inc. (NYSE:RJF) acted as a financial advisor to Newark Facility Management in Newark, New Jersey.

Americold Realty Trust (NYSE:COLD) completed the acquisition of Newark Facility Management in Newark, New Jersey on September 1, 2021.