Alinea Capital Holdings gets a little bigger

By Pepper Parr

February 4th, 2026

BURLINGTON, ON

One would think that with the two biggest developments in the city to manage Paul Paletta would be a very busy man.

Stretching from King Road on the east to the Aldershot GO station in the west and lined by Hwy 404 on the North and the rail line on the south, it is one of the biggest undeveloped pieces of property in the city.

The 1200 King Road development is going to take a year or so before it is under active development with announcements about partnerships expected this year.  The site is massive and will, when fully developed, have at least one educational partner, sports facilities, office capacity and housing.  It might well be the first full community on a site in both Burlington and the Region.

At the same time, the Bronte Creek Meadows development is close to ready to get shovels into the ground.  Zoning and Official plans have been cleared on this project.

On Wednesday January 28th, 2026 Alinea announced the acquisition of Coldterra and the creation of Universal Cold under Alinea Capital Holdings.

A ribbon cutting ceremony took place in August of 2022 in honour of their new state-of-the-art facility. The  65-million-dollar complex is located in Hamilton.  The 65-foot-tall expansion boasts nearly 163,000 sq ft. of storage space and over 42,000 positions bringing the facility’s grand total to 339,000 sq ft.

There were a number of corporations involved in the development of what is now a wholly owned Alinea operation. Sierra Supply Chain Services, Sierra Cold, TiCold and Penta Properties.

Paul Paletta describes Universal Cold as “an investment rooted in our belief in strong, behind-the-scenes infrastructure that people rely on every day. Cold storage plays a critical role in keeping food safe and moving through the supply chain, and Universal Cold continues to be an essential part of that system.

“This transition reflects the values that guide all our work: thinking ahead and supporting essential infrastructure for the long term, working collaboratively with the team already in place, being transparent about ownership and accountability, and practicing responsible stewardship. These four pillars shape how Alinea approaches every investment and our role in the communities we serve.

Paul Paletta

“What hasn’t changed is just as important. The people, operations, and compliance standards remain the same. Our role is to support the team doing the work and ensure the foundation behind the business is steady, reliable, and built to last.”

With Universal Cold settled Paul Paletta and his team are focused on getting things going at the 1200 King Road site and shovels in the ground at Bronte Creek Meadows.