Constellation buys HSH Cold Stores

Grimsby, UK: Constellation Cold Logistics has bought HSH Cold Stores. HSH is a family-owned, coldstore and logistics business based in Grimsby with 65,000 pallet positions and 40 trucks.

This is the the fourth investment Constellation, following Glacio in Norway, Lintelo in the Netherlands, and Stockhabo in Belgium.

“The addition of HSH to the Constellation platform brings diversity and strategic benefits through the establishment of a strong presence in the UK market, where the essential nature of cold chain logistics infrastructure has been highlighted through both the Brexit process and the Covid-19 pandemic,” Constellation Cold Logistics said.

Ian Harding, co-managing partner of Arcus Infrastructure Partners which owns Constellation, said: “This newest acquisition for Constellation demonstrates our continued conviction in the merits of investing in cold chain infrastructure, which has proven significant resilience over the past year.

“Arcus has a long track record in successfully identifying and developing bespoke platform strategies, supporting the growth of European businesses that provide essential, long-term infrastructure to their customers and ultimately creating value for our investors. We look forward to further applying our platform expertise in supporting Anthony and the team at HSH through the next chapter of growth as part of Constellation.”

https://www.hshcoldstores.co

Arcus Infrastructure Partners is an independent fund manager focused solely on long-term investments in European infrastructure. Arcus invests on behalf of institutional investors through discretionary funds and special co-investment vehicles and, through its subsidiaries, currently manages investments with an aggregate enterprise value in excess of €19bn.

www.arcusip.com

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