logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Scout Cold Logistics Announces The Acquisition Of 1025 Locust Point Road In Manchester, Pa

Apr 04, 2023•over 2 years ago

Acquiring Company

Scout Cold Logistics

Acquired Company

1025 Locust Point Road

Description

Scout Cold Logistics ("Scout"), an affiliate of AEW Capital Management ("AEW"), announced today the acquisition of 1025 Locust Point Road in Manchester, PA. The 1.3 million square foot industrial building is currently under construction, and over the next 15 months the property will be re-developed into a grocery distribution facility that has been leased to United Natural Foods, Inc. ("UNFI"). The follow-on development entails a significant investment by Scout to craft the temperature-controlled environment to suit UNFI's operating profile.

Company Information

Company

Scout Cold Logistics

About

: Scout Cold Logistics is a commercial real estate investment and development firm dedicated to temperature-controlled warehousing infrastructure. The company invests in grocery distribution, food production, and non-food perishable facilities adjacent to major population centers throughout the United States. The company is headquartered in Miami, FL with additional offices in Denver, CO and New York City, NY. For more information, please visit www.scoutcold.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed