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Plymouth Industrial REIT Taken Private in $2.1B Deal
Makarora Management LP and Ares Alternative Credit funds have completed the previously announced acquisition of Boston-based Plymouth Industrial REIT, Inc. in an all-cash transaction valued at approximately $2.1 billion. Plymouth stockholders approved the acquisition late last week.
Under terms of the transaction, first announced last October, Plymouth shareholders will receive cash consideration of $22.00 per share. With the acquisition completed, Plymouth will no longer be traded or listed on any public securities exchange.
KeyBanc Capital Markets Inc. and J.P. Morgan Securities LLC acted as Plymouth’s financial advisors. Morrison & Foerster LLP and Alston & Bird LLP served as Plymouth’s legal counsel.
Moelis & Company LLC acted as the lead financial advisor to Makarora. Citigroup Global Markets Inc. also served as a financial advisor to Makarora. Greenberg Traurig LLP and Simpson Thacher & Bartlett LLP served as Makarora’s legal counsel. Latham & Watkins LLP and Kirkland & Ellis LLP served as Ares’ legal counsel. Dechert LLP served as Citi’s legal counsel.
Pictured: A Plymouth Industrial REIT property in Newton, NC.
Don’t Miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview at Connect Industrial Midwest.— taking place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.
- ◦Sale/Acquisition
