Ares Management to acquire Walton Street Mexico

Ares Management Corporation announced that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates, a real estate asset management platform focused primarily on the industrial sector with $2.1B in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C. “We are excited to announce this transaction and believe that the Walton Street Mexico team will bring great insights to Ares as we continue to grow our leading global industrial real estate platform,” said Michael Arougheti, Chief Executive Officer and President of Ares. “We believe that Federico and the team are aligned with our values and will provide a distinctive edge to the Ares Real Estate team. We are seeing a meaningful shift in supply chain dynamics globally with Mexico emerging as an attractive location for skilled manufacturing and we believe that these trends will continue to increase demand for warehouse space in the country.” The transaction is expected to be immediately accretive to Ares’ after-tax realized income per share of Class A and non-voting common stock. The transaction is expected to close in the fourth quarter of 2024 and is subject to customary closing conditions, including regulatory approvals.