Plymouth Industrial REIT Acquired by Makarora and Ares for $2.1 Billion, Delists from NYSE

summarizeSummary

Plymouth Industrial REIT announced the completion of its acquisition by Makarora and Ares for $2.1 billion, with shareholders receiving $22.00 per share, leading to the company's delisting from the NYSE.

check_boxKey Events

• Acquisition Completed

  Makarora Management LP and Ares Alternative Credit funds have finalized the all-cash acquisition of Plymouth Industrial REIT, valued at approximately $2.1 billion.

• Shareholder Payout

  Plymouth shareholders will receive cash consideration of $22.00 per share, concluding their investment in the public entity.

• Delisting from NYSE

  The company's common stock will no longer be traded or listed on the New York Stock Exchange, effective prior to the opening of trading on January 28, 2026.

• Leadership Resignations

  All members of the board of directors and key officers, including Jeffrey E. Witherell, Anthony Saladino, and James M. Connolly, resigned in connection with the merger.

auto_awesomeAnalysis

This 8-K filing marks the definitive completion of the acquisition of Plymouth Industrial REIT by Makarora Management LP and Ares Alternative Credit funds, an event previously approved by shareholders on January 22, 2026. The all-cash transaction, valued at approximately $2.1 billion, results in shareholders receiving $22.00 per share. This is a thesis-altering event as the company ceases to be a publicly traded entity, with its common stock being delisted from the NYSE. For investors, this signifies the final payout and the end of their investment in Plymouth Industrial REIT as a public company. The repayment of all outstanding debt and the resignation of all directors and officers are standard procedures for a completed acquisition of this nature.