A global investment firm has acquired a pair of Univar Solutions properties in Geismar.
New York-based Fortress Investment Group purchased properties through FNLR Compounds Matter Too LLC from Univar Solutions USA LLC for $10.1 million, according to a deal filed Thursday with the Ascension Parish Clerk of Court’s office.
A majority of Fortress’ equity is owned by a consortium led by Mubadala Capital, a subsidiary of Mubadala Investment Company—one of the sovereign wealth funds of the government of the United Arab Emirates.
In 2022, Mubadala Investment Company entered into a multibillion-dollar partnership with Apollo Global Management Inc. Apollo acquired Univar Solutions for $8.1 billion in 2023.
The purchased properties comprise an 8.37-acre tract where the facility sits and an adjacent 13.63-acre tract on Distribution Lane near La. 75.
Alexa Colin represented the seller in the agreement and William Turner represented Fortress.
This is the second property acquisition agreement Fortress has been involved with in the Capital Region in the last month. Fortress acquired the Epic piping facility property in Livingston Parish for $43.8 million in early December.
Univar Solutions is a global chemical and ingredients distributor and provider of value-added services. It was founded in 1924 as Van Waters & Rogers.
Fortress has acquired over 2,900 properties representing over $17 billion in aggregate value since 2002.
