Speed Bay Warehouse Solutions, a Denver‑based startup founded by former Black Creek and Ares executives, secured $250m from BDT to purchase multi‑tenant warehouses. The capital aims to fuel a strategy that targets the growing demand for small, shallow‑bay industrial spaces across the United States in the near term for investors.

Led by Evan Zucker and Jimmy Mulvihill—co‑founders of Black Creek Group and former owners before its sale to Ares Management in 2021—Speed Bay focuses on shallow‑bay assets that fit the current shift toward flexible, low‑cost logistics solutions. The firm already owns 2.7 million square feet of inventory across the U.S.

BDT’s backing signals confidence in the niche, as the market for small warehouses has expanded by roughly 15% annually over the last three years. Investors eye the model for its potential to capture high occupancy rates and steady rents in suburban hubs that are increasingly bypassed by larger facilities today.

With Michael Dell’s PERE involved, Speed Bay’s structure benefits from seasoned real‑estate expertise and a robust capital base. The deal positions the company to scale quickly, potentially setting a new benchmark for how small‑warehouse portfolios are assembled and managed in the U.S. market for investors seeking streamlined industrial opportunities today.