S
2 Capital, a Dallas-based real estate investment manager, is acquiring Fort Capital, an industrial property owner and operator in Fort Worth. This deal marks a significant milestone for S2's growth, adding 11 million square feet of industrial space and a 50-person investment team to its platform.

    Industry veterans Chris Roach and Parker McCormack will lead the new industrial vertical as president and CIO, respectively, alongside founder and CEO Scott Everett. The acquisition is expected to close on August 11, with terms not disclosed.

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

    The combined platform will focus on acquiring and managing value-add and core-plus industrial assets in high-growth US markets, with an emphasis on shallow-bay infill industrial properties.

    "We're thrilled to offer our investors a new strategy for enhancing portfolio returns in a high-growth sector," said Everett. "The rapid growth of e-commerce and rising transportation costs are driving the need for proximity to consumers."

    Fort Capital's acquisition provides S2 with a strong entry into the industrial market, according to Everett. "We knew we needed the right people, strategy, and partners. Fort brings local expertise, an impressive portfolio, and a culture that aligns with ours."

    The combined platform now manages over $350 million in targeted acquisitions and has a reputation as one of the most active and well-regarded industrial real estate operators in Texas.

    "This partnership supercharges what both platforms can accomplish," said Chris Powers, founder of Fort Companies. "We're excited to be part of S2's approach, which aligns with our values of being entrepreneurial, strategic, and forward-thinking."