1. Home >
  2. Investors >
  3. Asset Manager >
  4. United States >
  5. New York >
  6. Fortress

Fortress Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Fortress has acquired 6 companies.

Fortress’ most common sectors for investment arefinancial services (21%) and real estate (15%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (28%) and secondary buyout (19%). In total, Fortress has invested in 18 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired GAGFAH S.A. for $8.6B.

The Firm’s most common exit type is trade sale (36%). Fortress’ largest (disclosed) exit occurred in 2007 when it sold Global Signal for $5.8B.

Sign-up to view Fortress’ full profile and discover more mega-sized asset manager investors just like it.

M&A Summary

  • M&A Total Activity73
    • M&A Buy Activity48
    • M&A Sell Activity25
  • Total Sectors Invested 23
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 26
  • M&A Advisors 8

Fortress

Fortress Investment Group LLC

1345 Avenue of the Americas, 46th floor,
New York, New York 10105
United States
(212) 798-6100
www.fortress.com
peinvestors@fortress.com

Fortress is a public investment firm that manages hedge fund, credit, 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 was formed in 1998 and is based in New York City.


Investment Criteria

Sectors of Interest: Business Services, Communications, Consumer Services, Energy Services and Equipment, Financial Services, Infrastructure, Insurance, Leisure, Machinery, Manufacturing, Media, Oil/Gas Exploration, Real Estate, Renewable Energy, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Growth Capital, Special Situations/Distressed, PIPE, Secondary Buyout, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada, Western Europe

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.8/yr) # 39 3 1 1 3 1 48
vol $35.0B $3.5B $1.5B $40.0B
Sell (0.4/yr) # 23 2 - - - - 25
vol $6.5B $6.5B
  73

Most Recent M&A

Company Date Value Type
Island Energy Services LLC 2025-06-02 - Secondary Buyout
Kapolei, Hawaii · www.islandenergyservices.com
Gypsum Technologies, Inc. 2024-11-27 - Secondary Buyout
Burlington, Ontario · www.gyptech.com
Infra Pipe Solutions Ltd. 2024-11-25 - Secondary Buyout
Mississauga, Ontario · www.infrapipes.com
Texas Hydraulics, Inc. 2024-11-21 - Secondary Buyout
Temple, Texas · www.texashydraulics.com
Vice Media Group 2023-07-31 - Special Situations/Distressed
Brooklyn, New York · www.vice.com
Sogo & Seibu Co., Ltd. 2022-11-09 1.5B USD Divestiture
Tokyo, Japan · www.sogo-seibu.jp
Punch Taverns Ltd. 2021-12-15 - Secondary Buyout
Burton upon Trent, United Kingdom · www.punchtaverns.com
Accordia Golf Co., Ltd. 2021-11-15 3.5B USD Secondary Buyout
Tokyo, Japan · www.accordiagolf.com
Foundation Home Loans 2021-07-15 - Trade Sale
Bracknell, United Kingdom · www.foundationforintermediaries.co.uk
Aucerna 2021-02-15 - Merger
Calgary, Alberta · www.aucerna.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Florida East Coast Industries, Inc. 2007-05-08 Florida East Coast Railway LLC 2017-03-28 1
Miami, Florida · www.feci.com Jacksonville, Florida · www.fecrwy.com

M&A by Sector

Sector Current # Value All-time # Value
Financial Services - - 10 (21%) 5.4B (13%)
Real Estate 1 (5%) - 7 (15%) 14.1B (35%)
Leisure 2 (11%) 3.5B (23%) 3 (6%) 6.3B (16%)
Restaurants 3 (16%) - 3 (6%) -
Consumer Services 1 (5%) 6.9B (45%) 2 (4%) 6.9B (17%)
Transportation - - 2 (4%) 1.1B (3%)
Media 1 (5%) - 2 (4%) 530M (1%)
Communications 2 (11%) - 2 (4%) -
Energy Services and Equipment - - 2 (4%) -
Machinery 2 (11%) - 2 (4%) -
Diversified 1 (5%) 3.5B (23%) 1 (2%) 3.5B (9%)
Retail 1 (5%) 1.5B (10%) 1 (2%) 1.5B (4%)
Insurance - - 1 (2%) 460M (1%)
Business Services - - 1 (2%) 270M (1%)
Information Technology 1 (5%) 44M (< 1%) 1 (2%) 44M (< 1%)
Building Materials 1 (5%) - 1 (2%) -
Gaming - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Infrastructure 1 (5%) - 1 (2%) -
Internet Software and Services 1 (5%) - 1 (2%) -
Marine - - 1 (2%) -
Oil/Gas Exploration 1 (5%) - 1 (2%) -
Software - - 1 (2%) -
Total 19 $15.4B 48 $40.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (74%) 10.4B (68%) 35 (73%) 21.2B (53%)
  Texas 4 (21%) - 6 (13%) 450M (1%)
  Florida 2 (11%) 10.4B (67%) 5 (10%) 15.3B (38%)
  New York 2 (11%) - 4 (8%) 530M (1%)
  California 2 (11%) 44M (< 1%) 4 (8%) 44M (< 1%)
  Georgia 1 (5%) - 2 (4%) -
  Ohio - - 2 (4%) 260M (1%)
  Hawaii 1 (5%) - 1 (2%) -
  Virginia 1 (5%) - 1 (2%) -
  Oklahoma 1 (5%) - 1 (2%) -
  Colorado - - 1 (2%) 2.8B (7%)
  Connecticut - - 1 (2%) 700M (2%)
  Minnesota - - 1 (2%) 620M (2%)
  Massachusetts - - 1 (2%) 292M (1%)
  Indiana - - 1 (2%) 125M (< 1%)
  Illinois - - 1 (2%) -
  Tennessee - - 1 (2%) -
  Pennsylvania - - 1 (2%) -
United Kingdom 1 (5%) - 5 (10%) 1.9B (5%)
Canada 2 (11%) - 3 (6%) -
  Ontario 2 (11%) - 2 (4%) -
  Alberta - - 1 (2%) -
Japan 2 (11%) 5.0B (32%) 2 (4%) 5.0B (12%)
Luxembourg - - 1 (2%) 8.6B (21%)
Italy - - 1 (2%) 2.9B (7%)
Bermuda - - 1 (2%) 460M (1%)
Domestic 14 (74%) 10.4B (68%) 35 (73%) 21.2B (53%)
Cross-border 5 (26%) 5.0B (32%) 13 (27%) 18.9B (47%)
Total 19 $15.4B 48 $40.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 13 (27%) 6.2B (15%)
Secondary Buyout 8 (42%) 10.4B (67%) 9 (19%) 10.4B (26%)
Going Private 2 (11%) 3.5B (23%) 7 (15%) 20.6B (51%)
Special Situations/Distressed 2 (11%) - 7 (15%) 1.4B (3%)
Growth Capital 1 (5%) - 3 (6%) -
Venture 3 (16%) - 3 (6%) -
PIPE 1 (5%) - 2 (4%) -
Stake Purchase 1 (5%) - 2 (4%) -
Divestiture 1 (5%) 1.5B (10%) 1 (2%) 1.5B (4%)
Recapitalization - - 1 (2%) -
Total 19 $15.4B 48 $40.0B

Exits by Deal Type

Type Total # Value
IPO 8 (32%) -
Trade Sale - Public Company 6 (24%) 6.5B (100%)
Secondary Sale 3 (12%) -
Trade Sale 3 (12%) -
Merger 2 (8%) -
Bankruptcy 1 (4%) -
Divestiture 1 (4%) -
Shut Down 1 (4%) -
Total 25 $6.5B

Top M&A Advisors

Financial Deals
Moelis & Co.
 3
Lehman Brothers
 1
Evercore Group
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 2
Fried Frank Harris Shriver & Jacobson
 1
Davies Ward Phillips & Vineberg
 1

Deal Values

buy # Total
> $1B 10 $35.5B
$100M to $1B 10 $4.4B
< $100M 1 $44M
TOTAL $40.0B
Largest GAGFAH S.A.
$8.6B (2004-09-01)
sell # Total
> $1B 1 $5.8B
$100M to $1B 3 $655M
TOTAL $6.5B
Largest Global Signal, Inc.
$5.8B (2007-01-12)

M&A Connections

Deals
Acquired from
Investor(s)
21%
10 (21%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
12%
3 (12%)
Strategic(s)
48%
12 (48%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

44.2B USD

Established

1998

Specialist/Generalist

Generalist

Leadership

Randal Nardone

Co-Founder & Principal

Wesley Edens

Co-Founder & Principal

Thomas Pulley

CEO, Global Real Estate

Peter Briger, Jr.

Chairman & Principal

Andrew McKnight

Co-CEO & Managing Partner, Credit Funds

FAQ

When was Fortress founded?

Fortress was founded in 1998.

What type of investor is Fortress?

Fortress is an asset manager.

Where is Fortress headquartered?

Fortress is headquartered in New York, New York.

How much capital does Fortress have under management?

Fortress has 44.2B USD under management.

Try Mergr Free — See This and 215,348+
Other Company and Investor Profiles Today

Try free. Full access. Cancel anytime.

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
Try Free

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore an investment firm’s investment criteria, deal history, portfolio, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 209K M&A Transactions
  • 211K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

What next?

Try Free

Full access to Mergr's investor, acquirer, and transaction data starts here.

Mergr

Solution for

Product

Company

Legal