Pershing Square Capital Management LP said that the company is set to invest more than US$2 billion in a United States based industrial company. The company said that William Ackman, founder and CEO of Pershing Square Capital Management LP, will make the announcement for the name of the company. The deal is tagged as the largest ever investment for Pershing Square Capital Management.

Sources close to the deal are saying that the investment will represent at least 10% of the company's total assets, which has a forecasted market capitalization of approximately US$20 billion. Pershing Square Capital Management said that they do intend to push the company to operational improvement following the acquisition.

Ackman has set the US$2.25 trillion hedge fund industry abuzz with his latest offer for a new special vehicle investment with has a three year lock up due September 16, 2016.

Pershing Square Capital Management LP is the activist hedge fund with headquarters in New York. Founded and managed by activist investor William "Bill" Hackman, the firm is known to sporadically hire people with a slightly different approach when it comes to financial practices.