Tag Archives: Logistics

Blackstone Announces Agreement to Acquire a Landmark Japan Logistics Asset, Marking the Largest Logistics Transaction in the Country This Year

Blackstone

TOKYO, JAPAN – December 25, 2025 – Blackstone (NYSE: BX) today announced that Real Estate funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Tokyo C-NX (the “Asset”), a Grade A logistics asset located in central Tokyo. Valued at over JPY 100 billion (US$641 million), this marks the largest logistics transaction in Japan this year and underscores Blackstone’s commitment to investing in sectors that support Japan’s economic growth.

The Asset – a 1.6 million square feet, 5-story warehouse in Tokyo Bay, within a 15-minute driving distance from the city center – serves as a mission-critical distribution hub. Japan continues to see steady demand for high-quality warehousing solutions, driven by its expanding e-commerce sector – now the fourth-largest globally – and a shift towards a more digitalized economy.

Daisuke Kitta, Head of Real Estate Japan, Blackstone, said: “We are pleased to invest in a premium asset in logistics, a fast-growing sector and one of Blackstone’s highest conviction investment themes. This reinforces our focus on investing in critical industries shaping Japan’s future and demonstrates our ability to offer scale, speed, and certainty to Japanese corporates seeking trusted partners to advance their strategic goals. We are committed to partnering with Japanese businesses and continuing to contribute in meaningful ways to the evolution of Japan’s economy.”

Japan is a high conviction market for Blackstone, where the firm has built partnerships with leading corporates including Seibu Holdings, Kintetsu Group, and Sony Group. In recent years, it has accelerated its investments across businesses. In Real Estate, Blackstone has built a diversified portfolio across logistics, residential, hotels, data centers, and offices. Earlier this year, Blackstone completed the acquisition of Tokyo Garden Terrace Kioicho for $2.6 billion (~JPY 400 billion) in the largest real estate investment at the time by a foreign investor. Blackstone is also building its data center presence in Japan through AirTrunk, a leading data center platform in the Asia Pacific region, further strengthening its position as the world’s largest data center provider and a major investor across the AI value chain.

Blackstone is a significant investor in logistics globally. Over nearly 15 years, the firm has made investments at scale in the United States, Europe, and in the Asia Pacific region across Japan, India, Australia, Greater China, and South Korea.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Blackstone
Mariko Sanchanta
mariko.sanchanta@blackstone.com
080 8702 7386

Kekst CNC
Minako Otani
blackstone@kekstcnc.com
090-3239-9348

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EQT to acquire A-Train, operator of Arlanda express – the high-speed rail link connecting Stockholm with Arlanda Airport

eqt
  • EQT Active Core Infrastructure I to acquire A-Train, the operator of the Arlanda express high-speed passenger rail service connecting Stockholm Central Station with Sweden’s largest airport
  • EQT aims to support Arlanda express by enhancing customer experience and operations – introducing a new train fleet and developing more flexible pricing to help improve affordability, accessibility and utilisation of existing capacit
  • EQT brings deep experience from supporting transport companies that promote sustainable mobility, including Nordic Ferry Infrastructure, Hector Rail, and First Student

EQT is pleased to announce that the EQT Active Core Infrastructure I fund (“EQT”) has agreed to acquire 100% of A-Train AB (“A-Train” or the “Company”), the operator of the Arlanda express high-speed rail service, from its current shareholders.

Arlanda express is Sweden’s flagship high-speed airport rail service, connecting Greater Stockholm – home to approximately 2.5 million people – with Arlanda Airport in just 18 minutes. A-Train operates under a public-private partnership (PPP) concession with the Swedish state, granting long-term rights to use the rail link between Stockholm and Arlanda Airport and operate the shuttle service Arlanda express until 2050.

EQT plans to support A-Train with an active long-term ownership approach focused on enhanced customer experience and operational improvements. Key initiatives include implementing a more flexible pricing model to improve accessibility and affordability, improving utilisation of existing capacity, while ensuring the highest standards of passenger and employee safety. Moreover, EQT plans to expand partnerships with airlines and travel providers.

EQT will support A-Train’s ongoing SEK 3 billion investment programme to introduce a brand-new high-speed train fleet by around 2030, which will increase seat capacity by more than 50%.

Kunal Koya, Partner, EQT Active Core Infrastructure, said: “We are delighted to partner with A-Train to continue its long track record of providing a high-quality and reliable service for millions of travellers each year. A-Train is a strong fit for our Active Core Infrastructure strategy that aims to support sustainable companies that provide essential services to the communities they serve. We see significant potential ahead, and EQT is committed to investing long-term in further enhancing A-Train’s service offering.”

Gebhard Littich, Managing Director, EQT Active Core Infrastructure, further adds: “We are proud to have secured this attractive long-term investment opportunity within the Transport & Logistics space. Drawing on EQT’s industrial expertise and heritage, we look forward to working together with A-Train’s management team and employees as a supportive long-term owner.”

Magnus Zetterberg, CEO of A-Train, said: “We are pleased to welcome EQT as A-Train’s new long-term owner as we embark on the next phase of our journey. Together with EQT, we look forward to continuing to improve the experience for the millions of customers who travel with Arlanda express every year, ensuring that we remain the most reliable link between Stockholm city and Arlanda airport.”

The acquisition is conditional upon customary regulatory approvals as well as the approval from Arlandabanan Infrastructure AB.

Contact
EQT Press Office, press@eqtpartners.com

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About EQT
EQT is a purpose-driven global investment organization with EUR 267 billion in total assets under management (EUR 139 billion in fee-generating assets under management) as of 30 September 2025, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

About A-Train
A-Train operates Arlanda express, the high-speed rail link connecting Stockholm Central Station and Arlanda Airport in 18 minutes. Established in the mid-1990s through Sweden’s first major PPP, the company secured an exclusive operating concession until 2050. Since launching in 1999, Arlanda express has delivered up to six departures per hour with around 99% availability, providing essential, reliable access to Sweden’s busiest airport. Arlanda express operates with 100% renewable electricity and is certified under the Good Environmental Choice standard, one of the most stringent sustainability certifications in Europe.

More info: www.arlandaexpress.com/about-us/about-atrain

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Fortidia announces strategic partnership with BC Partners to accelerate global growth

BC Partners Logo

Fortidia (or the “Company”), a leading global platform providing shipping, fulfilment and marketing services, announced today that it has entered into a definitive agreement for BC Partners, a leading international investment firm, to acquire a majority stake in the Company from the founding Fiorelli family and funds managed by Oaktree Capital Management, L.P. (“Oaktree”).  Fortidia’s Chairman and CEO Paolo Fiorelli will retain a significant stake in the business and continue in his current role, working in partnership with BC Partners to accelerate the Company’s next phase of growth. Terms of the transaction were not disclosed. The transaction is subject to customary regulatory approvals.

Founded in 1993 and headquartered in Milan (Italy), Fortidia is a global leader in providing shipping, fulfilment, print, and marketing solutions, primarily to micro, small and medium-sized enterprises (“MSMEs”). Operating under multiple complementary franchised brands, including – among others – Mail Boxes Etc., AlphaGraphics, World Options and PostNet, Fortidia plays a pivotal role in the high-growth parcel, packing, shipping and fulfilment value chain, as well as providing outstanding marketing solutions. The Company acts as a key player in the end-to-end logistics and complementary business services arenas and is growing rapidly to serve its on-line and off-line customers in a highly fragmented global market.

Paolo Fiorelli, Founder and CEO of Fortidia, said: “This is an exciting new chapter for Fortidia. We take great pride in the global network and trusted brands we have established over the last thirty years. The team at BC Partners is the ideal strategic ally to accelerate our next phase of growth; they have a strong reputation and track record in Italy, and their values, deep knowledge, and operational expertise will be key to unlocking our full potential. We share a clear vision: to expand our global footprint, enhance our services, and deliver exceptional value to our customers through our global network of franchise partners. We would like to extend our sincere gratitude to Mario Adario and the Oaktree team for their partnership over the past years.”

Paolo Notarnicola, Partner, Co-head of Services and member of the Management Committee, BC Partners, said: “We are delighted by the opportunity to partner with Paolo and his team at Fortidia. This investment reflects our continued focus on partnering with exceptional entrepreneurs in the route-based services sub-sector – a space we know incredibly well through investments in companies such as GFL, GardaWorld, and GES, and where we see continued long-term tailwinds. Fortidia’s resilient business model, strong franchise network, and compelling growth trajectory makes it a definitive ‘defensive growth’ business and a natural fit within BC Partners’ portfolio.”

Marco Castelli, Partner, BC Partners, added: “This investment showcases how our differentiated sourcing model – anchored in deep sector expertise and local networks – enables us to source attractive, bilateral opportunities and position ourselves as the partner of choice. Looking ahead, we plan to work in close partnership with the Fortidia team and to apply the proven playbooks we have developed over the years to help grow the business both locally and internationally – enhancing the client offering, expanding Fortidia’s network internationally, and pursuing M&A opportunities in a highly fragmented market.”

Mario Adario, Managing Director, Oaktree, said: “Fortidia is an extraordinary company with still a lot of potential to be realized. We would like to thank Paolo Fiorelli and his team: it was a great honour to work with them to more than triple the profitability of the Company. This outcome is the result of a shared vision, strong alignment and mutual trust. We are confident that Paolo and team will continue this growth trajectory with their new partner”.

Fortidia will continue to operate under its existing management team and brand structure, maintaining its strong focus on serving customers worldwide, primarily through its network of franchise partners.

This transaction marks the first investment in BC Partners Fund XII, which will follow the same sector-led strategy as prior funds, focused on building a diverse portfolio of defensive growth companies in the mid-market. It also marks BC Partners’ fifth investment in 2025, following investments this year in Biogaran, IGS GeboJagema, PetLabCo., and GES, and builds on BC Partners’ extensive track record of investing in Italy, having deployed over €3.3bn across 17 transactions since its founding in 1986.

Jefferies acted as exclusive financial advisor to Fortidia and its shareholders, with a team led by Jefferies’ Head of Italy Investment Banking Mauro Premazzi. Fortidia was also advised by Sidley Austin LLP together with PedersoliGattai and Paolo Ludovici at GPBL. BC Partners was advised by Latham & Watkins, Kirkland & Ellis, Facchini Rossi Michelutti, PwC and Bain and Co.

 

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About BC Partners

BC Partners is a leading investment firm with circa €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for nearly four decades in developing the European buyout market. Today BC Partners’ integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: TMT, Healthcare, Services & Industrials, and Food. Since its foundation, BC Partners has completed over 130 private equity investments and is currently investing its eleventh private equity buyout fund. For further information, please visit https://www.bcpartners.com/

About Fortidia

Fortidia is the brand identity of MBE Worldwide S.p.A. – a company headquartered in Italy – and its affiliates. Fortidia is a global commerce enabler for MSMEs and consumers thanks to its platform including brands providing fulfillment, shipping, marketing and print solutions: Mail Boxes Etc. (outside the U.S. and Canada.), World Options, PostNet, PACK & SEND, AlphaGraphics, Multicopy, Kwik Kopy Australia, Print Speak, GEL Proximity and Spedingo. In 2024, its platform – including 3,200+ Business Solutions Centers in 57 countries with over 14,000 associates – served 850k business customers worldwide generating €1.45 bln (US$1.65 bln) of System-wide Gross Revenue.

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Stonepeak Portfolio Company Textainer Completes Acquisition of Seaco

Stonepeak

HAMILTON, Bermuda – December 16, 2025 – Typewriter Ascend Ltd, an entity controlled by Stonepeak and an affiliate of Textainer, has completed its acquisition of marine container leasing company Global Sea Containers Limited (“Seaco”) from Global Sea Containers Two Limited, a wholly owned subsidiary of Bohai Leasing Co., Ltd.

The acquisition demonstrates Stonepeak’s ongoing commitment to container leasing and reinforces Textainer’s long-standing strategic objective to be customers’ “first call” for the supply of containers.

Together, the combined fleet of Textainer and Seaco will consist of approximately 8.3 million CEU (cost equivalent units), making it the world’s largest and most diversified container fleet on a CEU basis. The acquisition also creates a differentiated container leasing platform, drawing on the strengths of both organizations to provide enhanced worldwide inventories and best in class service.

Olivier Ghesquiere, Textainer’s Chief Executive Officer, commented, “This significant transaction enables us to support our customers’ missions to provide seamless and efficient global leasing services with combined personnel, expertise, and resources. We look forward to playing a leading role in the future of the container leasing industry and supplying container solutions to facilitate our customers’ business growth.”

“Bringing together two world-class teams with deep industry expertise and a market leading global container fleet allows us to better serve our customers and grow in a dynamic global market,” said James Wyper, Board member of Textainer, and Head of Transportation & Logistics and Head of U.S. Private Equity at Stonepeak.

Nick Hertlein, Board member of Textainer and Managing Director at Stonepeak, added, “We’re proud to enable this success, and we are looking forward to what Textainer and Seaco can achieve together.”

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Textainer
Textainer has operated since 1979 as a leading lessor of intermodal containers with 4.4 million TEU in our owned and managed fleet. We lease containers to approximately 200 customers, including all of the world’s leading international shipping lines. Our fleet consists of standard dry freight, refrigerated intermodal containers, and dry freight specials. Textainer operates via a network of 14 offices and approximately 400 independent depots worldwide. Visit www.textainer.com for additional information about Textainer.

Contacts

Kate Beers & Maya Brounstein
Stonepeak, Corporate Communications
+1 (646) 540-5225
Email: corporatecomms@stonepeak.com

Michael K. Chan
Textainer, Chief Financial Officer
+1 (415) 658-8261
Email: mkc@textainer.com

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Alliance Solution Group Announces Strategic Acquisition of Intramodal to Expand Warehousing Capabilities in Quebec

Novacap

Alliance Solution Group (“Alliance”), a Novacap portfolio company, is pleased to announce the acquisition of Intramodal Warehouses, a Quebec-based company specializing in warehousing services. This strategic transaction enhances Alliance’s footprint in Quebec and strengthens its ability to deliver integrated warehousing and logistics solutions to both existing and future customers.

The acquisition provides immediate access to warehousing infrastructure in Quebec and creates meaningful operational synergies with IntraPAK, a division of Alliance offering repackaging services in the beverage and food industries. This integration is expected to improve efficiency, reduce operational complexity, and streamline service delivery across the region.

“This acquisition marks a key milestone in Alliance’s continued growth,” said Dario Lopez, President of Alliance Solution Group. “Expanding our warehousing capabilities in Quebec supports our vision of offering comprehensive, value-added ancillary packaging and warehousing solutions to customers across Canada.”

“This partnership aligns perfectly with our long-term growth strategy,” said Christian B. Fabi, Partner at Novacap. “Alliance continues to build a strong and scalable platform, and this transaction reinforces its ability to deliver efficient and integrated services to its customer base.”

“We are excited about this next chapter,” said Michael-Anthony Rosati, COO at Intramodal Warehouses. “Joining Alliance opens new opportunities to scale our operations and continue delivering high-quality service with the support of a national platform.”

This transaction reflects Alliance’s continued investment in building a robust, responsive, and integrated network of value-added packaging and warehousing solutions across Canada.

About Alliance Solution Group

Founded in 1996, Alliance Solution Group is a leading Canadian value-added ancillary packaging and warehousing solution service provider.

Having delivered best-in-class services for more than 25 years to customers in the beverage and food industries, the company’s long-tenured staff brings a high level of industry knowledge, quality process controls, and expertise in club store and distribution regulations. Alliance’s differentiated services are upheld by its core values of quality, efficiency, reliability, and speed-to-market.

About Intramodal Warehouses

Founded in 2004, Intramodal Inc. specializes in intermodal transportation, providing reliable service from the Port of Montreal and major rail terminals including CN, CP, and CSX, as well as various container terminals. With a continuously growing fleet, Intramodal adapts to meet the evolving needs of its customers.

The Intramodal Group established Intramodal Warehouses Inc., which now operates over 500,000 square feet of food-grade warehousing space on the Island of Montreal. This expansion has allowed the company to provide comprehensive logistics solutions by integrating transportation and storage services.

About Novacap

Novacap is a leading North American private equity investor and one of Canada’s most experienced private equity firms. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market and lower-middle market companies in four core sectors: Technologies, Digital Infrastructure, Industries and Financial Services. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over CDN $15 billion in assets in assets under management and a presence across offices in Montreal, Toronto, and New York, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution.

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Stonepeak Launches Peregrine Cold Logistics

Stonepeak

 Novo Specialist Platform Investing in Cold Chain Logistics in Asia Pacific and the GCC

NEW YORK & SINGAPORE – December 8, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the launch of Peregrine Cold Logistics (“Peregrine” or the “Platform”), a new cold chain logistics platform in Asia Pacific and the GCC, to meet the accelerating demand for temperature-controlled infrastructure across the region.

Headquartered in Singapore, Peregrine will target cold chain opportunities across key markets including the ASEAN region, North Asia, and the GCC, with the goal of providing high-quality storage capacity and ancillary logistics solutions to support the movement of temperature-sensitive and perishable goods throughout the supply chain. The Platform will seek to both acquire existing cold chain businesses and develop new greenfield and brownfield projects. In conjunction with the launch, Peregrine has agreed to acquire an initial seed asset, Pinnacle Cold Storage Inc., a cold storage business in the Philippines.

The Platform is led by an experienced management team including industry veterans with more than 30 years of experience in cold chain logistics and an extensive track record of scaling cold chain businesses in Asia Pacific and around the world. The team brings with them deep operational, technological, and regional expertise and a wide network of customer relationships globally.

Jeff Hogarth, CEO of Peregrine, commented, “Peregrine was founded with a clear mission: to redefine cold chain logistics across Asia Pacific and the GCC by delivering first-rate infrastructure, fostering strong local partnerships, and enabling the safe, efficient, and sustainable movement of food and essential goods. We are thrilled to embark on this journey with Stonepeak, a leading global infrastructure investor with deep cold chain expertise, a broad regional footprint, and proven platform-building experience. As rising standards for food safety and quality continue to drive demand for modern, purpose-built facilities managed by experienced operators, Peregrine is exceptionally well positioned to become a regional leader – not only in scale, but in innovation, reliability, and sustainability.”

Michael Chan, Managing Director at Stonepeak, added, “Stonepeak is excited to expand on its global experience in cold chain logistics with this further investment into Asia Pacific and the GCC. The sector continues to benefit from long-term structural tailwinds in the region including the continued impact of rapid urbanization, rising incomes, and growing consumption, all of which drive calorie intake and protein consumption. With the cold storage industry landscape across much of Asia still highly fragmented, we believe there is an opportunity to build a specialist platform of scale to serve the growing needs of the region. We are excited to be partnering with Jeff and team, share their vision for Peregrine, and look forward to supporting them on the journey ahead.”

About Peregrine Cold Logistics
Peregrine Cold Logistics is an institutionally backed cold-chain platform focused on developing and operating modern temperature-controlled logistics infrastructure across Asia Pacific and the GCC. Based in Singapore, Peregrine provides integrated cold storage, refrigerated transport, and value-added services that support food security, supply-chain transparency and regional growth. For more information, please visit www.peregrinecold.com.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $80 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include digital infrastructure, energy and energy transition, transport and logistics, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

Contacts

For Peregrine Cold Logistics
James Buck
info@peregrinecold.com

For Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

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Cain Secures £350m Refinancing Of Prime Logistics Portfolio From KKR

KKR

London, 26 November 2025 – Cain has secured a £350 million refinancing from funds and accounts managed by KKR for a prime UK Industrial & Logistics portfolio, representing a significant transaction in the sector this year. The transaction is structured as a whole loan over a five-year term.

The new facility fully redeems the existing development loan and provides extended flexibility for Cain to finalise its leasing program and continue enhancing the portfolio’s performance.

The portfolio comprises 24 units totalling approximately 3.2 million sq ft in prime logistics locations across the UK. Development of the portfolio commenced in 2022 to best-in-class Grade A specifications, the units feature high eaves, generous yards, and layouts optimised for modern industrial use and business growth with excellent access to national road infrastructure. The entire portfolio has been delivered on a net-zero carbon basis, with all assets demonstrating strong sustainability credentials, including BREEAM Excellent certifications, enhanced energy performance, and future-proofed building systems.

Over the past 12 months, the portfolio has shown strong leasing momentum totalling c. 1 million sq ft, reflecting the accelerating demand for prime Grade A space in the UK.

“This refinancing with KKR reflects the strength and quality of our logistics portfolio and the positive shift we are seeing across occupational markets,” said Tim Brazier, Senior Vice President at Cain “The transaction comes at a time when enquiry levels are increasing meaningfully in our key regions, particularly for highly specified and energy-efficient industrial space, which this portfolio delivers. The flexibility provided by this facility allows us to capture that momentum, complete lease-up, and continue driving long-term performance across the assets. We were able to agree the financing directly with KKR without running a broader market process given the strength of our relationship as well as our confidence in their execution capabilities.”

Ali Imraan, Head of European Real Estate Credit at KKR, said: “We are pleased to support Cain on the refinancing of this prime portfolio of well-located, high-quality industrial real estate assets.  This significant transaction reflects our confidence in the long-term fundamentals of the sector and our commitment to providing tailored financing solutions to leading sponsors.”

For further information, please contact:

SEC Newgate UK
Polly Warrack / Marta Seitz
+44 (0) 7808541191
cain@secnewgate.co.uk

About Cain
Cain is an investment-management firm that shapes the value of places, brands and businesses through strategies spanning landmark developments, residential and hospitality, supply-chain infrastructure, and sports & entertainment. Established by Chief Executive Officer Jonathan Goldstein in partnership with Eldridge Industries, the firm manages approximately $13.8 billion in assets under management with investments spanning more than 20 major cities and real-estate markets worldwide as of 30 June 2025.  The firm operates from offices in London, New York, Miami, Los Angeles and Luxembourg, supported by a broad network of global partners.  For more information, please visit www.cainint.com.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

 

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EQT Real Estate completes largest U.S. industrial transaction to date in 2025 with sale of 8.7 million square foot logistics portfolio

eqt

998 Gerdt Ct

  • Portfolio includes 25 modern logistics assets concentrated in major U.S. distribution hubs
  • Since 2020, EQT Real Estate has assembled and actively managed the portfolio, leveraging its distinctive value creation strategy and locals-with-locals model 
  • Assets deliver scale, geographic diversification, and strong tenant retention, reflecting EQT Real Estate’s focus on investing behind resilient logistics platforms in key U.S. submarkets 

EQT is pleased to announce that the EQT Real Estate Industrial Core-Plus Fund II (“EQT Real Estate”) has completed the sale of a 25 property, 8.7 million square foot portfolio of institutional-grade logistics assets located across the United States, marking the largest U.S. industrial transaction so far in 2025.

The portfolio spans 13 key U.S. distribution markets, including Atlanta, Chicago, New York, Phoenix, and Texas—strategic hubs that collectively capture a broad cross-section of national logistics demand. Built to modern design specifications, the assets feature an average clear height of 31 feet, efficient loading configurations, and were primarily developed after 2000. The properties serve a diversified mix of high-quality tenants across e-commerce, industrial, and retail supply chain sectors, reflecting the continued strength and resilience of U.S. logistics fundamentals.

The transaction marks the culmination of EQT Real Estate’s multi-year strategy to assemble and scale a national logistics platform in high-growth, supply-constrained U.S. markets. By selectively acquiring, developing, and managing modern assets near key infrastructure, EQT crafted a diversified portfolio with resilient cash flows and embedded growth. The sale reflects investor appetite for stabilized, institutional logistics properties with long-term demand drivers and limited new supply.

Matthew Brodnik, Global Chief Investment Officer at EQT Real Estate, said: “This transaction demonstrates EQT Real Estate at its very best, showcasing our ability to scale logistics platforms and deliver value across the investment lifecycle. Our team identified an opportunity to assemble a portfolio with strong fundamentals and significant future upside, seeing it through from acquisition to stabilization with disciplined execution and hands-on management.”  

EQT Real Estate was advised by John Huguenard, Trent Agnew and Will McCormack of JLL. 

Contact

EQT Press Office, press@eqtpartners.com

 

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About EQT Real Estate

EQT is a purpose-driven global investment organization with EUR 267 billion in total assets under management (EUR 139 billion in fee-generating assets under management) as of 30 September 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate owns and operates over 2,000 properties and 400 million square feet, with over 440 experienced professionals across 50 locations globally. 

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn

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FleetPride and TruckPro Announce Strategic Merger

Platinum

White semi-truck with a large trailer displaying the TruckPro logo and green graphics, parked outdoors on a clear day. | Platinum Equity

IRVING, Texas and MEMPHIS, Tenn., Oct. 28, 2025 /PRNewswire/ — FleetPride Inc. (“FleetPride”) and TruckPro, LLC (“TruckPro”) jointly announced the closing of a merger of the two companies effective today, creating the nation’s leading independent distributor and service provider in the heavy-duty aftermarket parts industry. The combined company will operate under the FleetPride name and will deliver enhanced value to its customers through greater parts availability, deeper technical expertise, best-in-class service and an enhanced ecommerce experience.

Operating under the combined ownership of American Securities and Platinum Equity, the new FleetPride will be led by Tom Greco, who joined the company as chief executive officer in July 2025. Chuck Broadus, TruckPro’s president and CEO, will continue to lead the TruckPro business, reporting to Tom Greco. Chuck will work closely with Tom and support the integration efforts over the coming months.

“We’ve long thought these businesses were destined to come together and have been developing this opportunity since we first acquired TruckPro. We chose to join forces because we get excited about the strategic logic and substantial operational opportunity to create long-term value. ”

Louis Samson, Co-President, Platinum Equity

With over 450 locations, more than 110 service centers and six distribution centers, FleetPride’s expanded footprint positions it to serve customers nationwide across the U.S. and Canada with the industry’s most comprehensive assortment of parts. Through its enhanced ecommerce platform and logistics network, FleetPride can provide faster access to critical parts, deeper inventory visibility and tailored solutions designed to keep trucks on the road and fleets operating efficiently.

“Today’s announcement marks an exciting new chapter for our team members, customers and valued supplier partners,” said Tom Greco, chief executive officer of FleetPride. “This strategic merger is about more than combining two businesses, it’s about building a culture that values people, brings best practices from both organizations and drives innovation. Together, we are creating a stronger, faster-growing company that will deliver greater value for customers and growth opportunities for our team members and suppliers.”

“The strategic merger with FleetPride marks a tremendous step forward for our business and customers,” said Chuck Broadus, president and chief executive officer of TruckPro. “We are bringing together the strengths of both organizations as we align our knowledgeable team members, extensive networks and resources to deliver best-in-class service to the heavy-duty aftermarket. We are eager to embrace the many growth opportunities this combination offers and we are excited about our future together.”

“This is a defining moment for FleetPride and the broader heavy-duty aftermarket,” said Mark Lovett, managing director of American Securities and board chair of FleetPride. “By combining two high-performing businesses with complementary strengths, we’re building a platform with the scale, technology and talent to lead the industry and deliver sustainable growth for customers, team members and suppliers alike.”

“We’ve long thought these businesses were destined to come together and have been developing this opportunity since we first acquired TruckPro,” said Louis Samson, co-president of Platinum Equity. “We chose to join forces because we get excited about the strategic logic and substantial operational opportunity to create long-term value. We look forward to helping accelerate the combined company’s transformation and ability to better serve customers.”

The newly combined company will be headquartered in Irving, Texas with a satellite office in Memphis, Tenn.

Solomon Partners served as exclusive financial advisor and Weil, Gotshal & Manges LLP served as legal counsel to FleetPride. Jefferies LLC served as exclusive financial advisor and Latham & Watkins LLP served as legal counsel to TruckPro.

About FleetPride

Headquartered in Irving, TX, FleetPride is the nation’s largest distributor of truck and trailer parts and service in the independent heavy-duty aftermarket. FleetPride’s sophisticated network of 450+ locations, which includes 110+ service centers and 6 distribution centers means customers get the parts and services they need, when and where they need them. Customers can click, talk, chat, or visit with FleetPride’s team of 5,500 experts empowered and motivated to solve problems and create tailored solutions for each customer’s unique needs. To find your local branch or service center, or to cross-reference, search, and shop for parts by VIN, visit the new www.fleetpride.com or www.truckpro.com.

About American Securities

Founded in 1994, American Securities is a leading U.S. private equity firm that invests in North American companies, primarily in the industrial and B2B services sectors. With $23 billion under management, we partner with businesses generating $200 million to $2 billion in annual revenues. We combine deep sector expertise, differentiated insights and proven internal capabilities to serve as transformational partners that drive growth and build enduring value. Our investment philosophy emphasizes capital preservation through disciplined investing and hands-on engagement, paired with repeatable value creation processes and operational excellence. American Securities is based in New York with an office in Shanghai. For more information, please visit www.american-securities.com.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations — a trademarked strategy it calls M&A&O®– acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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KKR Launches Galaxy Container Solutions, A Global Container Leasing and Financing Platform

KKR

Seasoned team to lead new platform anchored by stable, long-term capital

Galaxy will generate asset-backed contractual cash flows in line with KKR’s ABF strategy; adds to KKR’s extensive captive origination capabilities

NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the launch of Galaxy Container Solutions (“Galaxy” or “the Company”), a global marine container leasing and financing platform, in partnership with a team of industry veterans. Galaxy will be owned by KKR-managed credit funds and accounts, which are committing $500 million to the Company via KKR’s Asset-Based Finance (ABF) strategy.

Galaxy will provide a full suite of container leasing and financing solutions to shipping companies around the world, enabling flexible, capital-efficient access to the container fleets that keep global trade moving. Supported by KKR’s stable capital base and a management team with decades of experience, the Company is well positioned to meet customer needs for fleet growth and balance sheet optimization.

Galaxy is helmed by Chief Executive Officer Jeffrey Gannon and Chief Operating Officer Adrian Dunner, who have successfully launched and scaled multiple container leasing companies. Most recently, Mr. Gannon and Mr. Dunner co-founded and led Global Container International (“GCI”), the 7th largest lessor of marine containers globally at the time of its sale to Triton International. They will be joined by former GCI Chief Financial Officer Stephen Controulis, along with a seasoned team of specialists across container leasing management, operations, finance and sales functions.

“This is an ideal moment to launch Galaxy, as market dynamics like lessor consolidation and sustained demand are creating real opportunities for new entrants,” said Jeffrey Gannon, CEO of Galaxy Container Solutions. “With KKR’s support, we are excited to harness our proven approach to offer our customers reliable, flexible solutions for their fleet and capital needs.”

“Galaxy represents an exciting expansion of our Asset-Based Finance strategy into the container leasing sector, which offers attractive downside-protected investment opportunities backed by essential global trade infrastructure,” said Daniel Pietrzak, Partner and Global Head of Private Credit at KKR. “The company is in great hands with the Galaxy team, and we’re confident they will deliver dynamic solutions that meet the evolving needs of the world’s leading shipping lines.”

KKR established its ABF strategy in 2016 and has since grown the platform significantly, with more than $75 billion in ABF assets under management and a team of approximately 50 ABF professionals globally. KKR’s ABF portfolio focuses on four key themes: Consumer/Mortgage Finance, Commercial Finance, Hard Assets, and Contractual Cash Flows. The firm has 19 captive ABF platforms across these four segments, enabling proprietary sourcing and structuring of investments. KKR’s broad, multi-sector approach offers flexibility to invest across a diverse range of industries, including aviation, real estate, mortgages, royalties and equipment leasing, among others.

KKR was advised on the transaction by Kirkland & Ellis LLP.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media
Lauren McCranie
media@kkr.com

Source: KKR

 

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