Building a bridgehead in Panama
A strategic acquisition: Emergent Cold Latin America (Emergent Latam), a temperature-controlled warehousing and logistics provider, is planning to take over the Galores Group in Panama. This is the company's second acquisition and its first investment in the Central America region.
Founded in 2011, Galores is a major3PL cold storage facility in Central America and the Caribbean. Based in Panama City near two of the region’s busiest cargo ports, Galores operates a logistics complex with a warehouse capacity of 21,000 pallets, with space available for expansion. Galores also owns a fleet of transportation assets to handle both port drayage and last mile distribution.
Emergent Latam recently announced the completion of a raise, led by Lineage Logistics, Stonepeak Infrastructure Partners LP and D1 Capital Partners. The company is investing in existing leading cold storage operators and new greenfield projects in Latin America to expand its footprint of cold storage facilities in the entire region. (sh)