Fortress Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, Fortress has acquired 7 companies. It has also invested in 1 other.

Fortress’ most common sectors for investment arefinancial services (22%) and real estate (15%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (28%) and secondary buyout (18%). In total, Fortress has invested in 17 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2004 when it acquired GAGFAH S.A. for $8.6B.

In the last 3 years, Fortress has exited 2 companies. 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.

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M&A Summary

  • M&A Total Activity72
    • M&A Buy Activity47
    • M&A Sell Activity25
  • Total Sectors Invested 22
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 35 4 3 1 1 3 47
vol $35.0B $44M $3.5B $1.5B $40.0B
Sell (0.6/yr) # 22 1 2 - - - 25
vol $6.5B $6.5B
  72

Most Recent M&A

Company Date Value Type
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
Omnispace LLC 2021-02-02 - Venture
Tysons, Virginia · www.omnispace.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 (6%) - 7 (15%) 14.1B (35%)
Leisure 2 (11%) 3.5B (23%) 3 (6%) 6.3B (16%)
Restaurants 3 (17%) - 3 (6%) -
Consumer Services 1 (6%) 6.9B (45%) 2 (4%) 6.9B (17%)
Transportation - - 2 (4%) 1.1B (3%)
Media 1 (6%) - 2 (4%) 530M (1%)
Communications 2 (11%) - 2 (4%) -
Energy Services and Equipment - - 2 (4%) -
Machinery 2 (11%) - 2 (4%) -
Diversified 1 (6%) 3.5B (23%) 1 (2%) 3.5B (9%)
Retail 1 (6%) 1.5B (10%) 1 (2%) 1.5B (4%)
Insurance - - 1 (2%) 460M (1%)
Business Services - - 1 (2%) 270M (1%)
Information Technology 1 (6%) 44M (< 1%) 1 (2%) 44M (< 1%)
Building Materials 1 (6%) - 1 (2%) -
Gaming - - 1 (2%) -
Healthcare Services - - 1 (2%) -
Internet Software and Services 1 (6%) - 1 (2%) -
Marine - - 1 (2%) -
Oil/Gas Exploration 1 (6%) - 1 (2%) -
Software - - 1 (2%) -
Total 18 $15.4B 47 $40.0B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (72%) 10.4B (68%) 34 (72%) 21.2B (53%)
  Texas 4 (22%) - 6 (13%) 450M (1%)
  Florida 2 (11%) 10.4B (67%) 5 (11%) 15.3B (38%)
  New York 2 (11%) - 4 (9%) 530M (1%)
  California 2 (11%) 44M (< 1%) 4 (9%) 44M (< 1%)
  Georgia 1 (6%) - 2 (4%) -
  Ohio - - 2 (4%) 260M (1%)
  Virginia 1 (6%) - 1 (2%) -
  Oklahoma 1 (6%) - 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%)
  Tennessee - - 1 (2%) -
  Pennsylvania - - 1 (2%) -
  Illinois - - 1 (2%) -
United Kingdom 1 (6%) - 5 (11%) 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 13 (72%) 10.4B (68%) 34 (72%) 21.2B (53%)
Cross-border 5 (28%) 5.0B (32%) 13 (28%) 18.9B (47%)
Total 18 $15.4B 47 $40.0B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 13 (28%) 6.2B (15%)
Secondary Buyout 7 (39%) 10.4B (67%) 8 (17%) 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 (6%) - 3 (6%) -
Venture 3 (17%) - 3 (6%) -
PIPE 1 (6%) - 2 (4%) -
Stake Purchase 1 (6%) - 2 (4%) -
Divestiture 1 (6%) 1.5B (10%) 1 (2%) 1.5B (4%)
Recapitalization - - 1 (2%) -
Total 18 $15.4B 47 $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
Evercore Group
1
Lehman Brothers, Inc.
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)
19%
9 (19%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
12%
3 (12%)
Strategic(s)
48%
12 (48%)

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.

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