Makarora and Ares to Acquire Plymouth Industrial in $2.1 Billion Deal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 24 2025
0mins
Should l Buy ARES?
Source: Reuters
Acquisition Announcement: Plymouth Industrial REIT will be taken private by Makarora Management and Ares Management in a deal valued at approximately $2.1 billion, including debt, with shareholders set to receive $22 per share.
Previous Offer and Market Reaction: The company had previously received a buyout offer from Sixth Street Partners for $24.10 per share, and its shares fell over 2% in after-hours trading following the announcement of the new deal.
Go-Shop Period: Plymouth will enter a 30-day "go-shop" period until November 23, allowing it to seek alternative acquisition proposals from other parties.
Deal Timeline and Conditions: The acquisition is expected to close in early 2026, pending shareholder and regulatory approvals, with potential fees of $40.1 million if the deal fails or $70.2 million if terminated.
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Analyst Views on ARES
Wall Street analysts forecast ARES stock price to rise
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 133.940
Low
155.00
Averages
191.40
High
223.00
Current: 133.940
Low
155.00
Averages
191.40
High
223.00
About ARES
Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. It has operations across North America, South America, Europe, Asia Pacific and the Middle East.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Rising Default Risks: UBS Group has warned that in an aggressive disruption scenario, default rates in U.S. private credit could rise to 13%, significantly higher than the projected stress for leveraged loans and high-yield bonds, estimated at 8% and 4%, respectively.
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