Atlanta Equity acquires Richmond Cold Storage

May 12, 2009
Atlanta Equity Fund LP’s affiliate has acquired Richmond Cold Storage Company Inc (RCS).

Atlanta Equity Fund LP’s affiliate has acquired Richmond Cold Storage Company Inc (RCS). Headquartered in Richmond VA, RCS operates a network of owned, leased, and managed temperature-controlled warehouses totaling approximately 49 million cubic feet of refrigerated warehouse space stretching from Virginia to Alabama.

RCS provides contract and public warehousing and warehouse management services to a range of companies with a concentration of global Fortune 500 clients. Current management will continue to run the existing facilities.

Smith, Gambrell & Russell LLP served as legal counsel to Atlanta Equity. Cary Street Partners served as the exclusive financial advisor to Atlanta Equity. RCS was represented by McGuireWoods LLP as legal counsel.

Atlanta Equity is a private equity firm with $109 million in capital under management, focused on making investments in growth companies primarily in the Southeast.

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