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Stonepeak acquires 1.1 million square foot logistics portfolio in Fort Worth, Texas to strengthen their real estate assets

Sep 05, 2024over 1 year ago

Acquiring Company

Typewriter Ascend Ltd

Acquired Company

N/A

New YorkMountvilleBuilding Material

Description

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has announced the acquisition of two logistics assets totaling 1.1 million square feet in Fort Worth, Texas. Stonepeak's Senior Managing Director and Head of Real Estate, Phill Solomond, expressed excitement about adding these assets to their growing portfolio, emphasizing the strategic location of the Alliance submarket of Dallas-Fort Worth and the assets' mission-critical role in local and national supply chains.

Company Information

Company

Typewriter Ascend Ltd

Location

New York, New York, United States

About

Typewriter Ascend Ltd is an entity controlled by Stonepeak and an affiliate of Textainer. It specializes in marine container leasing. The company focuses on infrastructure and real assets investment. Typewriter Ascend aims to create value through strategic acquisitions.

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M&A Insights

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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