Fortress Capital Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Our sponsor is Fortress Capital Acquisition Sponsor LLC, an affiliate of Fortress Investment Group LLC ("Fortress").
Our management team has extensive experience in identifying and executing acquisitions and working closely with successful and experienced operators to continue their transformations and help create value.
Fortress is a leading, highly diversified global investment management firm with approximately $53.0 billion in assets under management as of March 31, 2022. Fortress applies its deep experience and specialized expertise across a range of investment strategies—private equity, credit and real estate, and permanent capital—on behalf of its approximately 1,900 institutional clients and private investors worldwide as of March 31, 2022. Fortress’s primary business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts. Fortress is also the sponsor of several other blank check companies.
Fortress is sponsoring the company through its private equity business (“Fortress PE”), a leading investor making investments through private funds and a variety of permanent capital vehicles. Fortress PE focuses on making control investments in cash flow generating businesses and assets and growth-oriented businesses primarily within North America, the Caribbean, and Western Europe. Fortress PE, which is led by Wes Edens and Randy Nardone, operates alongside Fortress’ credit business led by Pete Briger and Dean Dakolias all within the greater Fortress business, and has a long and established track record investing globally through numerous credit and other market cycles. Fortress has a deep history of successfully executing complex transactions ranging from turnaround acquisitions, corporate mergers and acquisitions to asset-based structured financing, including the creation of several special purpose acquisition companies, like the company. With asset management employees and investment professionals operating out of multiple geographic locations, the Fortress team also has the experience and expertise to source, underwrite and manage businesses with operational complexity. As such, the company intends to draw upon Fortress’s significant expertise in corporate acquisitions, structured finance, opportunistic lending, tax structuring and asset management to assist in the identification of investment opportunities and management.