Portfolio companies
Fortress's private equity investment portfolio includes: Loungers, Red Lobster, Spa Resort Hawaiians, Dataminr, and Umami Burger.[37][38][39][40]
In 2006, Fortress-managed funds acquired Canadian ski resort operator Intrawest, North America's largest ski resort operator.[41] Intrawest was sold by Fortress in 2017.[42]
In May 2007, Florida East Coast Industries (FECI), parent company of Florida East Coast Railway (FEC), announced that, following a unanimous vote of the FECI Board of Directors, a Fortress-managed fund would acquire FECI in a transaction valued at $3.5 billion.[43][44] The Surface Transportation Board approved the transaction in September 2007. It was through this investment that the Brightline train company was established.[45]
In June 2007, Fortress announced that it would partner with Centerbridge Partners to acquire Penn National Gaming, an operator of casinos and horse racing venues, for $6.1 billion. Penn National shareholders were to receive $67 cash for each share. In July 2008, Fortress backed away from the agreement amidst the uncertain economic climate. Under the termination agreement, Penn National received $1.475 billion, consisting of a breakup fee of $225 million and an interest-free $1.25 billion loan from Fortress, Centerbridge, Wachovia and Deutsche Bank. Fortress co-chairman Wesley Edens assumed a seat on the board of Penn National as part of the agreement.[46][47]
In January 2014, Fortress was the winning bidder for the assets of the Montreal, Maine and Atlantic Railway.[48] In March 2014, John E. Giles of Great Lakes Partners estimated a $10–$20 million investment would be needed over three years to repair the line, which Fortress branded as the Central Maine and Quebec Railway.[49] The sale was completed in May 2014, for US$15.85 million.[50]
In October 2014, it was reported by the Birmingham Business Journal that Fortress had purchased the Inverness Corners retail center.[51] Fortress Investment Group is also the parent company to Mystays hotels and resorts in Japan.[52]
In April 2024, Fortress purchased the UK discount retailer Poundstretcher, which also included its 60 store sister discount chain Bargain Buys. This purchase was added to other UK businesses in its portfolio which included, Majestic Wine and Punch Pubs.[53] Fortress also announced that it had committed $3.2 billion in financing for SoFi as an extension to a prior $2 billion agreement.[54]
In 2024, Fortress acquired cinema chain Curzon for $5mn as part of an auction after Fortress won a lawsuit against Charles Cohen for defaulting on a $534mn loan made in 2019.[55][56]
Fortress acquired Red Lobster in September 2024.[57] That same month, Fortress also announced its acquisition of Spa Resort Hawaiians for US$98 million.[58]
In February 2025, Fortress acquired UK-based café and bar chain Loungers for US$486 million.[59]
In February 2026, the company purchased the Ocean Terminal shopping centre in Edinburgh, Scotland, for approximately £15 million.[60]
