Investment bank Tully & Holland has advised Burris Logistics, North America’s seventh largest refrigerated warehouse and distribution company, in the sale of selected assets to Cloverleaf Cold Storage.
The terms of the transaction were not disclosed.
In this transaction, Burris Logistics, a full line frozen and dry food logistics company, divested a network of facilities representing over ten million cubic feet of refrigerated warehouse space to Cloverleaf Cold Storage.
Burris’ divestiture of multiple warehouses located east of the Mississippi offers an East Coast presence to the predominately Mid-West-based Cloverleaf Cold Storage.
