Vertical Cold Storage
Vertical Medley Screen Shot 2022 05 03 At 4 26 55 Pm

Vertical adds three DC facilities

May 10, 2022
Temperature-controlled distribution center operator acquires warehouses in Florida, North Carolina, and Nebraska from U.S. Cold Storage.

South Dakota-based Vertical Cold Storage, a developer and operator of temperature-controlled distribution centers, recently acquired three public refrigerated warehouses from United States Cold Storage.

The facilities are located in Medley, Fla., Marshville, N.C., and La Vista, Neb.

Terms of the transaction were not disclosed. Vertical is funded by Kansas City-based real estate investment firm Platform Ventures.

“These acquisitions give us a strong foothold in some of the fastest growing yet underserved regions of the country and support our rapidly expanding protein business, including meat, poultry, and seafood,” said Curt Mastbergen, president of Vertical Cold Storage. “As public facilities, we plan to build the customer base at each location by introducing new technology, automation and best practices designed to dramatically improve customer performance.

“The purchase also complements our greenfield development efforts.”

The newly purchased facilities feature:

  • Medley: 6.7 million cubic feet with 29 dock doors near Miami. It features temperature zones ranging from minus 10 degrees F to 45 F, import/export, and repack services.
  • La Vista: 3 million cubic feet with 31 dock doors near Omaha. It features temperature zones ranging from minus 10 F to 45 F, import/export, and is ASI certified.
  • Marshville: 2.3 million cubic feet with 16 dock doors near Charlotte. It features temperature zones ranging from minus 10 F to 45 F, blast freezing to minus 30 F, export, and is USDA and FDA certified.

Officials said the deal supports U.S. Cold Storage’s strategic shift toward “automation, innovation, and logistics services,” while Vertical is expanding in key Midwest and Southeast markets.

“Our goal is to provide a greater level of investment in core market facilities where we can automate, create additional scale, and expand our industry-leading COLDshare Consolidation programs,” said Larry Alderfer, U.S. Cold Storage president and CEO. “United States Cold Storage is excited to reinvest all these proceeds and we have recently announced the further expansion of our Tulare, Calif., facility and the purchase of an additional 39 acres in Turlock, Calif., for future expansion.

“We are also well into planning stages for automated expansions in our Midwest, Northeast, and Texas markets.”

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!