Arnold & Porter Advises RLS Partners on Cold Storage Space Investments
Arnold & Porter recently advised RLS Partners LLC, an affiliate of RLS Logistics, on two strategic investments in the cold storage space. The transactions advance RLS Partners' continued strategy to create a national platform of family-owned, temperature-controlled supply chain solutions providers.
Arnold & Porter advised RLS Partners on its acquisition of a family of Utah-based frozen and refrigerated warehouse solutions providers Performance Cold Storage, Performance Warehouse, and Performance Trucking in a transaction that closed on January 31, 2022. The acquisition will result in a strategically located warehouse in the Front Range region.
Arnold & Porter also advised RLS Partners on its acquisition of Michigan-based refrigerated warehouse and transportation service provider Hutt Trucking, Hutt Logistics and affiliates, in a transaction that closed on February 1, 2022. The acquisition adds a Michigan-based warehouse partner to the RLS Partners portfolio.
Both Arnold & Porter transactional teams were led by partner Stephen Koval, who co-heads the firm's Private Equity practice. Both transactional teams also included partner Alan Glantz and counsel Chad Pearlman on finance matters; associate Greg Criscitello on corporate matters; senior counsel Jeffrey London and senior associate Megan Juel on employment and benefit matters; partner David Sausen and associate Reuven Graber on tax matters; and counsel Kathryn Olson on real estate matters. The Performance Cold Storage transaction team also included partner David Menchel, counsel Peter Danias and associate John Fiorenzo on corporate matters. The Hutt transaction team also included counsel Marci Settle, and associate Eric An on corporate matters; and counsel Victoria Frankenberg on real estate matters.