Cloverleaf’s Merger With Zero Mountain, Inc.


Alford Law and Dykema served as legal advisors to Zero Mountain during the transaction. Wells Fargo Securities served as financial advisor and Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP served as legal advisors to Cloverleaf.

Cloverleaf Cold Storage, a leading cold storage warehousing company serving customers across its Midwest and Southeast locations, has entered into an agreement to merge with Zero Mountain, Inc., a leading cold storage warehousing and transportation company serving customers across its Arkansas locations. With approximately 140 million cubic feet of capacity in nine states, and a presence in all three major protein production corridors, the combined companies will become the fifth largest cold storage warehouse in the United States.

Terms of the transaction were not disclosed.

Zero Mountain was founded in 1955 by the Rumsey family. The business ships over 2.5 billion pounds of food annually and manages over 38 million cubic feet of total capacity in five cold storage warehouses, with expansions underway both in Arkansas and Texas.

Cloverleaf was founded in 1952 by the Kaplan and Feiges families, and currently operates 19 warehouses with over 102 million cubic feet of total capacity, across the Midwest and Southeast United States. Cloverleaf serves over 800 customers, many with whom the company has had a relationship for more than 30 years.

The Kirkland team was led by corporate partners Shawn O’Hargan (Picture) and Peter Martelli and corporate associates Elina Alperovich, Michael Ruderman and Ethan Smith.

Involved fees earner: Elina Alperovich – Kirkland & Ellis; Peter Martelli – Kirkland & Ellis; Shawn O’Hargan – Kirkland & Ellis; Michael Ruderman – Kirkland & Ellis; Eithan Smith – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Blackstone; Cloverleaf Cold Storage;

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Author: Ambrogio Visconti