S
2 Capital, a national vertically integrated real estate investment manager, has acquired Fort Capital, a Texas-based industrial real estate owner and operator. This strategic acquisition marks a significant milestone in S2's growth of its investment platform, expanding into the high-conviction theme of industrial real estate.

    The acquisition adds 11 million square feet to S2's portfolio and brings on board a 50-person investment team. Industry veterans Chris Roach and Parker McCormack will lead the new investment vertical as President and CIO alongside Founder & CEO Scott Everett. The platform will focus on acquiring and managing value-add and core-plus industrial assets in high-growth markets across the US.

    "Our vision is to build an industrial platform that matches S2's scale and operational excellence in residential," said Chris Roach, President of S2 Industrial. "Fort Capital's talented team complements ours culturally, and their portfolio grants us immediate scale to compete in this competitive sector."

    The acquisition provides investors with an additional strategy to enhance their portfolio returns in a high-growth sector with needs-based resiliency. The rapid growth of e-commerce and rising transportation costs are driving the need for proximity to consumers, aligning with S2's residential strategy.

    "We knew we needed the right people, strategy, and partners," said Everett. "Fort brings local expertise, an impressive portfolio, and a culture that aligns with ours. This partnership is another step forward in our mission of delivering outperformance for our investors."

    Founded in 2010, Fort Capital has built a reputation as one of the most active and well-regarded industrial real estate operators in Texas. The firm owns and manages over 11 million square feet of high-performing assets.

    The combined industrial platform now manages and operates over 11 million square feet with an active pipeline of over $350 million in targeted acquisitions. The transaction is expected to close on August 11, 2025, subject to customary closing conditions.