Emergent Cold Latin America
Who They Are
The Latin American cold-storage consolidator funded by Lineage, D1 and Stonepeak, buying whole networks market by market, and one that keeps a seller's management team to run the country it bought into.
Emergent Cold LatAm calls itself the largest company for temperature-controlled food logistics in Latin America. It was founded in August 2021 and publishes its network as one hundred and ten cold-storage warehouses in eleven countries. It names its investors on its own about page: Lineage, which it describes as the largest global network of temperature-controlled warehouses, D1 Capital Partners, Stonepeak Infrastructure Partners and a family office, Losa.
It buys platforms rather than single buildings, and its own newsroom announces purchases in Mexico, Peru, Brazil, Chile, Uruguay, Paraguay, Guatemala and the Dominican Republic. At Qualianz it bought thirty-three facilities and eight hundred employees in one transaction, its second in Mexico, and said the management team would join it to lead its Mexico operations and investment activities. Expect a banked process: J.P. Morgan advised the sellers, and a corporate finance boutique advised the buyer.
Search-Fund Companies They Bought
- Qualianz · 2023
Alejandro González and Mario Coronado bought Iresa, a Mexico City cold-storage company, through their search vehicle Olmo Capital in early 2017, with M2O and Relay Investments behind them, and grew it by acquisition into a national network under the Qualianz name. Emergent Cold Latin America bought it in February 2023, when it ran thirty-three facilities, and said its management team would lead the buyer's Mexico operations. The buyer's release calls the two men co-founders and never mentions a search fund, so the search origin rests on the backers' pages. [1][2]