PHT Growth Fund LP

A diversified portfolio of transformational post-harvest cold chain investments supporting the movement of fresh produce from field to table.

PHT Investment Group launched PHT Growth Fund LP for the purpose of seeking investment for the platform acquisition of Post Harvest Technologies, Inc. (PHT), along with additional strategic acquisitions and investments aimed at enhancing and expanding PHT’s operational capabilities within the post-harvest infrastructure sector.

Projects in the Fund have already been identified, and comprise operating companies and critical infrastructure assets ranging from pre-cooling and cold storage, food processing, transportation, cross-docking, consolidation and distribution, and related services and activities that maintain a given temperature range for fresh produce and other perishable food items.

$200 Million

Target Fund Size

Identified Projects

Hold Period

Target IRR: 24 – 28%

Target MOIC: 3.25 – 3.75x

Platform Acquisition of PHT, Inc. and All Operating Subsidiaries

The Fund will complete the acquisition of Post Harvest Technologies, Inc. and all operating subsidiaires. 

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The Sponsor will execute the platform acquisition of PHT, Inc., a management and investment firm focused on the post-harvest agriculture industry. PHT specializes in the ownership, operation, acquisition and development of operating companies, real estate, and critical infrastructure assets supporting the movement of fresh produce from field to table.

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Existing operating subsidiaries include Central Coast Cooling LLC and Facilities Management Group LLC, both of which are currently profitable and generate immediate cash flow for Investors.

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Our investment thesis is built around the integration of strategic bolt-on acquisitions for PHT, Inc., and aims to leverage synergies among acquired companies and real assets to enhance operational efficiencies, broaden market reach, and drive revenue growth and profitability.

Platform Acquisition of PHT, Inc. and All Operating Subsidiaries

The Fund will complete the acquisition of Post Harvest Technologies, Inc. and all operating subsidiaires. 

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The Sponsor will execute the platform acquisition of PHT, Inc., a management and investment firm focused on the post-harvest agriculture industry. PHT specializes in the ownership, operation, acquisition and development of operating companies, real estate, and critical infrastructure assets supporting the movement of fresh produce from field to table.

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Existing operating subsidiaries include Central Coast Cooling LLC and Facilities Management Group LLC, both of which are currently profitable and generate immediate cash flow for Investors.

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Our investment thesis is built around the integration of strategic bolt-on acquisitions, and aims to leverage synergies among acquired companies and real assets to enhance operational efficiencies, broaden market reach, and drive revenue growth and profitability.

Target IRR: 24 – 28%

Target MOIC: 3.25 – 3.75x

Operating Company Roll Up Strategy

The Fund will execute a targeted M&A roll-up strategy in order to build a vertically-integrated post-harvest cold chain platform. 

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The Fund is currently in negotiations to acquire a leader in refrigerated transportation, cooling, consolidation, and logistics for fresh produce with operations in Salinas, CA and Yuma, AZ. 

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This strategic bolt-on acquisition will complement our operating platform and add new transportation and logistics capabilities within the post-harvest infrastructure sector, helping us achieve economies of scale, market influence, cross-selling opportunities, and increased profitability.

Refrigerated Transportation

Target IRR: 26 – 30%

Target MOIC: 3.25 – 3.65x

VACUUM TUBE HYDRO (VT-12) Precooling Equipment

Target IRR: 15 – 17%

Target MOIC: 1.90 – 2.10x

Engineering and Manufacturing of Specialized Pre-Cooling Equipment for Sales, Leasing and Financing

The Fund will place an order with FMG’s Equipment Manufacturing division to engineer and manufacture a fleet of state-of-the-art
Pre-Cooling Equipment required for the post-harvest handling of
fresh produce. 

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Pre-Cooling is an essential step in the process of delivering fresh vegetables and produce from seed to table. It refers to the rapid removal of field heat shortly after the harvest of a crop

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These assets serve as critical infrastructure for operators throughout the first mile of the fresh produce supply chain, and are key to extending shelf life and maximizing product quality.

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The Fund will enter into long-term contracts for Pre-Cooling Equipment sales, leasing and financing. Revenue will be based on lease income and maintenance service agreements

Specialized Pre-Cooling Equipment Acquisition, Leasing and Financing

PHT will acquire, lease and finance a diversified portfolio of industrial pre-cooling equipment and specialized machinery required for the post-harvest handling of fresh produce. These assets serve as critical infrastructure for operators throughout the first mile of the fresh produce supply chain, and are key to extending shelf life and maximizing product quality.

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Pre-Cooling is an essential step in the process of delivering fresh vegetables and produce from seed to table. It refers to the rapid removal of field heat shortly after the harvest of a crop

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PHT will enter into long-term contracts for Pre-Cooling Equipment sales, leasing and financing. Revenue will be based on lease income and maintenance service agreements

VACUUM TUBE HYDRO (VT-12) Precooling Equipment

Target IRR: 15 – 17%

Target MOIC: 1.90 – 2.10x

Real Estate Acquisitions and Development

The Fund will acquire a diversified portfolio of temperature-controlled real estate assets supporting the fresh produce supply chain in California and Arizona.

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The Fund is currently in negotiations to acquire a portfolio of three pre-cooling, cold storage, food processing and distribution facilities located in Gonzales, CA and Yuma, AZ

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The Gonzales, CA facility consists of 160,000+ SF of industrial cold storage and food processing space situated on 16 acres, as well as an excess 8-acre parcel which we will use to develop an additional 150,000 SF of pre-cooling and cold storage space.

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The first Yuma, AZ facility consists of 115,000+ SF of industrial pre-cooling, cold storage and distribution space situated on 15 acres.

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The second Yuma, AZ facility consists of 43,500+ SF of food processing, packing and distribution space situated on 5 acres.

Salinas Campus

Target IRR: 18 – 22%

Target MOIC: 2.25 – 2.65x