Envision Cold launches innovative platform to transform the industry of cold chain

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Envision Cold today announces the official introduction of its cold chain system, which has received the purchase of $500M by an unidentified capital partner. The investment will allow Envision to purchase and build more than $1.5B in cold storage assets. Envision provides full-services across the entire spectrum of the cold chain. This includes transport, import and export services, as well as real property development. Envision has hired a renowned real estate development group for the oversight of all ground-up development initiatives, which are crucial to the growth of its business.

Since the beginning of its existence, Envision has closed on the acquisition of cold storage facilities as well as assets in Oakland, Cali., San Francisco, Cali., Laredo, Texas and Vancouver, BC. The company is planning to keep in acquiring and building a system of cold storage centers across North America, focusing on regions that are not served with cold storage, both from the physical infrastructure as well as from a customers’ service perspectives. Envision offers its customers different services like traditional cold storage facilities, import/export transport, services and blast freezing.

Envision is helmed by a team of executives with an extensive history within the field of cold storage, working previously at Americold which is the second largest owner/operator of cold storage. Austin Solem (CEO) previously established and managed Americold’s M&A department. He played an integral role in the decision to take the company public in the year 2018. When he was working at Americold the CEO helped to organize transactions that totaled $4.6 billion. The acquisitions comprised 99 sites across 12 countries. Stephen Draper (COO) has thirty years experience with cold storage and was the company’s chief of operations within the Southeast region. It included a total of 50 facilities in 14 states with 3,000 workers. Eric Diaz (CFO) oversaw all operations and regional finance functions in the North America Warehouse, Transportation as well as 3PL Managed business segments.

“We are delighted to reveal the launch of Envision as well as our ambitions to create one of the most renowned cold storage firms within North America,” said Austin Solem, CEO of Envision. “The size of the venture was fueled by the power of not just our company’s dedication to service and innovation but also the potential inside the market. The market for cold storage is more robust than ever, but requires more providers from across the country to meet the growing demands.”

The Newmark team headed by the Co-Presidents of Debt & Structured Finance, Jordan Roeschlaub, and Dustin Stolly made the first capital investment to Envision. “We were incredibly pleased to be able to represent Envision during the funding process of a highly regarded institution investor. Under the direction of an experienced team, we believe that Envision to be able to build a strong opportunity to scale up within the industry of cold storage,” commented Jordan Roeschlaub who is the co-head of debt and structure finance for Newmark.

For further information, click here.

Imagine Cold

Atlanta, GA

info@envisioncold.com

www.envisioncold.com

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