M&A Deal Summary

Fortress Investment Group Acquires Seacastle

On February 1, 2006, asset manager Fortress Investment Group acquired transportation company Seacastle, Inc.

Acquisition Highlights
  • This is Fortress Investment Group’s 1st transaction in the Transportation sector.
  • This is Fortress Investment Group’s 11th transaction in the United States.
  • This is Fortress Investment Group’s 2nd transaction in California.

M&A Deal Summary

Date 2006-02-01
Target Seacastle, Inc.
Sector Transportation
Buyer(s) Fortress Investment Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Seacastle, Inc.

San Ramon, California, United States
website
Seacastle is a holding company for intermodal equipment investments formed by Fortress in 2007. The Company’s subsidiaries own and manage intermodal chassis, shipping containers and containerships through Trac Intermodal, SeaCube Container Leasing and Seacastle Ships.

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Buyer(S) 1

Buyer

Fortress Investment Group

New York, New York, United States

website


Category Asset Manager
Founded 1998
PE ASSETS 36.1B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress is based in New York City with additional offices in Atlanta, Chicago, Dallas, Frankfurt, Geneva, Hong Kong, London, Los Angeles, Munich, New Canaan, Rome, San Diego, San Francisco, Sydney, Tokyo, and Toronto.


DEAL STATS #
Overall 16 of 41
Sector (Transportation) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 8 of 16
State (California) 2 of 4
Country (United States) 11 of 31
Year (2006) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-01 Eurocastle Investment Ltd.

London, United Kingdom

Eurocastle is one of the largest owners of German commercial real estate among listed property investment companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-02 Aircastle Ltd.

Stamford, Connecticut, United States

Aircastle Ltd. acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of September 30, 2019, Aircastle owned and managed on behalf of its joint ventures 277 aircraft leased to 87 customers located in 48 countries.

Sell -