EQT to Buy Stockbridge for $375M
The deal will expedite the buyer’s expansion into IOS and alternative living properties.
EQT AB has agreed to pay $375 million to acquire Stockbridge, a real estate investment firm focused on industrial and residential assets, in an all-cash deal. An additional $175 million in cash earnouts is tied to performance targets.
The deal would add Stockbridge’s $16.5 billion in fee-generating assets under management to EQT’s real estate platform. Sweden-based EQT said in a news release that the purchase would help strengthen the firm’s holdings of industrial outdoor storage and expand its alternative living strategies through Stockbridge’s expertise in manufactured housing, with potential growth into student and senior housing.
READ ALSO: What’s Behind the Surge in M&A, Privatization Activity?
The transaction is expected to close in the first quarter of 2027, pending customary closing conditions and investor consents. Stockbridge, with 185 U.S. employees across six offices, will operate as a business unit within EQT Real Estate after closing. Stockbridge CEO Terry Fancher will become vice chair of EQT Real Estate, reporting to EQT Global Head of Real Estate Henry Steinberg.
EQT Real Estate has more than doubled in size since 2021, the firm said in the news release. In August, the firm sold a 46-building, 10.5 million-square-foot industrial portfolio to LBA Realty. Weeks earlier, EQT paid $1.2 billion to buy a Southern California industrial portfolio from Rexford Industrial Realty.
You must be logged in to post a comment.