S2 Capital, a national vertically integrated real estate investment manager, has announced its acquisition of Fort Capital, a Texas-based industrial real estate owner and operator. This deal expands S2’s investment platform to include a new wholly owned industrial vertical with 11 million square feet and a 50-person investment team.
S2 has appointed Chris Roach and Parker McCormack as President and CIO, respectively, of the industrial platform, joining S2’s Founder & CEO, Scott Everett, in its leadership. The platform will pursue acquisitions and management of value-add and core-plus industrial assets in high-growth markets across the United States, with a focus on shallow-bay infill industrial properties.
Founded in 2010 and based in Fort Worth, Fort Capital owns and manages over 11 million square feet of industrial assets, utilizing an investment strategy informed by market knowledge and established relationships.
The combined platform manages over 11 million square feet and has an active pipeline of approximately $350 million in targeted acquisitions. With S2’s capital markets infrastructure and operating capabilities, the team intends to pursue institutional-quality opportunities in logistics markets with limited supply.
The transaction is expected to close on August 11, 2025, subject to customary closing conditions.
KEY QUOTES:
“Our vision is to build an industrial platform that matches the scale and operational excellence S2 is known for in residential. Adding Fort to our platform accelerates that vision — their talented team complements ours culturally, and their portfolio grants us immediate scale to compete in this competitive sector.”
Chris Roach, President of S2 Industrial
“We’re thrilled this acquisition allows us to provide an additional strategy to offer our investors who are seeking to enhance their portfolio returns in a high-growth sector with needs-based resiliency. The continued rapid growth of e-commerce, combined with rising transportation costs, is driving the need for proximity to consumers. This correlates well with our residential strategy of ‘following rooftops’ across the country. We knew we needed the right people, the right strategy, and the right partners. Fort brings local expertise, an impressive portfolio and track record, and a culture that aligns with ours. This partnership is another step forward in our mission of delivering outperformance for our investors.”
S2’s Founder & CEO Scott Everett
“The sale to S2 is an exciting next step for Fort and our investors. We’ve always prided ourselves on being entrepreneurial, strategic, and forward-thinking — and those values are deeply aligned with S2’s approach. This partnership supercharges what both platforms can accomplish.”
Chris Powers, Founder of Fort Companies
