New York, USA: Investment firm Ridgewood Infrastructure has acquired temperature-controlled logistics company Valley Cold Storage & Transportation.
Ridgewood says the investment in Valley Cold comes at a time when the cold storage industry is experiencing significant growth. “With Ridgewood Infrastructure’s support, Valley Cold is well-positioned to capitalise on this trend and continue its expansion in both existing and new markets”, says the company.
Ross Posner, managing partner at Ridgewood Infrastructure, said: ” We’ve been evaluating the cold storage space for some time and what the company have built is special. We are looking forward to helping Valley Cold realize its growth potential.”
“We are thrilled to join forces with Ridgewood Infrastructure,” said Clay Bush, chief executive and founder of Valley Cold. “Their deep understanding of the infrastructure sector, logistics and supply chain management and commitment to long-term growth make Ridgewood the perfect partner to help us take Valley Cold to the next level.”
