A
Almanac
Acquirer counsel
Kirkland & Ellis
Peter M. Vaglio, P.C.Partner
Joshua MorganPartner
2 lawyers involved
Rainmaker
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Kirkland & Ellis advises Almanac on $500 million acquisition of Alterra IOS
Deal Overview
- Value
- $500m
- Deal type
- PE
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Kirkland & Ellis Overview
- Almanac is the private real estate arm of Neuberger, investing here in Alterra IOS, which is described as a leading owner and manager in the industrial outdoor storage sector.
- The transaction is structured as a strategic minority investment by Almanac into Alterra IOS; the announcement frames it as growth capital rather than a full buyout.
- The investment is intended to support Alterra's rapidly growing IOS platform and further institutionalize the industrial outdoor storage asset class.
A
Alterra IOS
Seller counsel
Seller counsel not yet recorded
Overview
- Kirkland & Ellis LLP represented Alterra IOS in its strategic minority investment from Almanac, the private real estate arm of Neuberger, announced on February 27, 2026.
- The passive minority investment is intended to support Alterra’s rapidly growing industrial outdoor storage platform and further institutionalize the industrial outdoor storage asset class.
- Alterra IOS is a leading owner and manager in the industrial outdoor storage sector, having acquired more than 450 properties across 38 states as of the first quarter of 2026.