Seller Details:
NorthBridge Partners LLC, founded in 2014, is a vertically integrated real estate investment manager specializing in last-mile logistics properties, acquiring, repositioning and developing strategically located industrial real estate assets in major markets. NorthBridge has completed over 100 transactions totaling over 15 million square feet throughout its history and currently has approximately $2 billion in assets under management.
Buyer Details:
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG’s strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG’s unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates’ existing advantages and actively supports their independence and ownership culture. As of December 31, 2024, AMG’s aggregate assets under management were approximately $708 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies.
Transaction Summary:
NorthBridge announced that is has sold a passive minority equity interest to AMG. Terms of the transaction were not disclosed. NorthBridge will leverage AMG’s strategic capabilities to enhance its long-term success and continue to build an enduring firm. The management team of NorthBridge will continue to hold a significant majority of the equity and direct the firm’s day-to-day operations.