Acquisition: CubeCold Europe
CubeCold Europe (CubeCold) has expanded its UK presence through the acquisition of J.R. Harding & Sons (Frome) Limited (J.R. Harding & Sons), a temperature-controlled warehouse and distribution company based in Frome.
CubeCold is a pan-European cold storage platform, focusing on acquiring and developing small to medium-sized cold storage facilities across strategic areas. A special focus on ports and logistics hubs in Europe makes CubeCold one of the key players in Europe.
The platform has already assembled a portfolio of around 270,000 pallets across strategic assets in Benelux UK, and Italy region which is expanding rapidly.
Founded in 1964, J.R. Harding & Sons operates a 17,000 pallet, temperature-controlled, warehouse with a focus on high value, high margin goods. In addition to the warehouse, the company has a fleet of 11 transport units and runs an Iveco truck maintenance business on the 4.3-acre property.
Crowe's role and team
Crowe provided financial, tax, and HR due diligence services along with buy-side advisory and support to CubeCold, with the Corporate Finance team led by Andy Kay, facilitated by Chasz Coulsting and Nick Martin.
Client quote
"This acquisition is an excellent strategic fit that strengthens our position in the UK. J.R. Harding & Sons’ reputation and customer relationships complement our own and together we can provide even greater value to customers through an integrated network.”
Gerben Paauwe, CEO, CubeCold Europe
