Plymouth Industrial REIT agrees to $2.1 billion acquisition by Makarora
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Plymouth Industrial REIT Announces Agreement to Be Acquired by Makarora for $2.1 Billion
October 24, 2025 4:19 PM EDTBOSTON, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Plymouth Industrial REIT, Inc. (NYSE: PLYM) (the Company or Plymouth) today announced that it has entered into a definitive merger agreement (the Merger Agreement) under which entities affiliated with Makarora Management LP ("Makarora"), along with Ares Alternative Credit funds (Ares), will acquire all outstanding shares of Plymouths common stock and all outstanding limited partnership interests of Plymouth Industrial OP, LP for $22.00 per share, in an all-cash transaction valued at approximately $2.1 billion, including the assumption of certain outstanding debt.
The purchase price represents a premium of approximately 50% to Plymouths unaffected closing... More
