Igneo announces the establishment of a cold storage platform with the acquisition of Mattingly Cold Storage
All Press releasesNEW YORK, April 1, 2026: Igneo Infrastructure Partners (‘Igneo’), a global infrastructure investment manager with US$23.6 billion in assets under management, today announced that it has entered into an agreement to acquire Mattingly Cold Storage (‘MCS’), a 275k sq. ft. multi-temperature, post-production focused cold storage business located in Zanesville, Ohio. MCS will serve as the foundation of ChillCo Logistics, a North American cold storage platform established by Igneo and led by Jason Lafferty, an experienced cold-storage industry executive.
MCS is being acquired from a group of individual owners and represents Igneo’s inaugural investment in cold storage infrastructure in the United States, leveraging its deep experience investing in the transportation and logistics sector, including through its existing portfolio companies Patriot Rail and Infinity Aviation.
“The North American cold storage market is highly fragmented and there is strong market demand for high quality facilities servicing regional and mid-sized food producers,” said Julie Furber, Managing Director. “We think it’s an attractive sector for our focused mid-market strategy and look forward to working with Jason and the management team on continued growth and success.”
“Igneo’s long-term perspective and infrastructure investment expertise make them an ideal partner for ChillCo’s next phase of growth in North American cold storage,” said Jason Lafferty, CEO of ChillCo Logistics. “Together, we are building a platform designed to partner with owner-operators who have built exceptional businesses in their communities. With well located facilities and a disciplined expansion strategy, we believe ChillCo is well positioned to meet rising demand from food producers, distributors, and retailers while preserving the local relationships and reputations that make these businesses successful.”
MCS is Igneo’s fourth investment from its dedicated North American infrastructure strategy, following previous acquisitions in the energy, digital, and transportation sectors. Transaction terms were not disclosed. The acquisition is subject to customary conditions and approvals.
Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Igneo.
About Igneo Infrastructure Partners
Igneo is an autonomous investment team in the First Sentier Group. It invests in high-quality, mature, mid-market infrastructure companies in renewables, digital infrastructure, waste management, water utilities and transportation / logistics sectors in the UK, Europe, North America, Australia and New Zealand. Operating since 1994, the team works closely with portfolio companies to create long-term sustainable value through innovation, a focus on ESG and proactive asset management.
Igneo manages US$29.7 billion worth of assets (as at 30 June 2026) on behalf of more than 200 investors around the world.
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First Sentier Investors, FSSA Investment Managers, Stewart Investors, Realindex Investments and Igneo Infrastructure Partners are the business names of First Sentier Investors (Hong Kong) Limited. First Sentier Investors (registration number 53236800B), FSSA Investment Managers (registration number 53314080C), Stewart Investors (registration number 53310114W), Realindex Investments (registration number 53472532E) and Igneo Infrastructure Partners (registration number 53447928J) are the business divisions of First Sentier Investors (Singapore).
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