--- title: $4.175M Sale Leaseback as Acquisition Financing for Foodservice Add-On description: Learn how a $4.175M sale leaseback was used to finance an acquisition for a foodservice equipment provider. Discover the benefits of this strategy and its successful implementation in this case study. image: https://ascensionadvisory.com/hubfs/Food%20Service%20Add%20On.webp --- [![Ascension](https://ascensionadvisory.com/hubfs/raw_assets/public/ascension/images/logo-wordmark-white-green.png)](https://ascensionadvisory.com/?hsLang=en) Menu - Sale Leasebacks Show Sale Leasebacks submenu - [Sale Leaseback Overview](https://ascensionadvisory.com/sale-leaseback-overview?hsLang=en) - [SLB For Business Owners](https://ascensionadvisory.com/services-business-owners?hsLang=en) - [SLB For Financial Sponsors](https://ascensionadvisory.com/services-private-equity-firms?hsLang=en) - [SLB For Referral Partners](https://ascensionadvisory.com/services-referral-partners?hsLang=en) - [Build to Suit Financing](https://ascensionadvisory.com/build-to-suit-financing?hsLang=en) - [Lease Advisory](https://ascensionadvisory.com/lease-avisory?hsLang=en) - [Notable Transactions](https://ascensionadvisory.com/sale-leaseback-transactions?hsLang=en) - Mergers & Acquisitions Show Mergers & Acquisitions submenu - [Sell Your Business](https://ascensionadvisory.com/sell-your-business?hsLang=en) - [The Seller's Checklist](https://ascensionadvisory.com/the-sellers-checklist?hsLang=en) - [2026 M&A Report](https://ascensionadvisory.com/business-owner-ma-report?hsLang=en) - [The Exit Playbook Course](https://ascensionadvisory.com/the-exit-playbook-course?hsLang=en) - Insights Show Insights submenu - [Ascension Blog](https://ascensionadvisory.com/ascension-advisory-blog) - [Press & Publications](https://ascensionadvisory.com/press-and-publications?hsLang=en) - [2026 Ascension Magazine](https://ascensionadvisory.com/hubfs/Ascension%20Magazine%202026%20(standalone)%20(4).html?hsLang=en) - [SLB and M&A Courses](https://ascensionadvisory.com/ascension-learning?hsLang=en) - [2026 M&A Report](https://ascensionadvisory.com/business-owner-ma-report?hsLang=en) - [Private Equity SLB Report](https://ascensionadvisory.com/private-equity-sale-leaseback-report?hsLang=en) - [Team](https://ascensionadvisory.com/team?hsLang=en) [Contact](https://ascensionadvisory.com/contact-us?hsLang=en) [Private Equity](https://ascensionadvisory.com/ascension-advisory-blog/tag/private-equity), [Case Study](https://ascensionadvisory.com/ascension-advisory-blog/tag/case-study), [Food Distribution](https://ascensionadvisory.com/ascension-advisory-blog/tag/food-distribution), [Industrial](https://ascensionadvisory.com/ascension-advisory-blog/tag/industrial), [Manufacturing](https://ascensionadvisory.com/ascension-advisory-blog/tag/manufacturing), [Retail](https://ascensionadvisory.com/ascension-advisory-blog/tag/retail) # $4.175M Sale Leaseback as Acquisition Financing for Foodservice Add-On [By \- Doug Carey,](https://ascensionadvisory.com/ascension-advisory-blog/author/doug-carey) May 04, 2023 ![A chef skillfully tossing ingredients in a wok over high flames in a bustling restaurant kitchen, with steam and vibrant colors from vegetables filling the air, capturing the intensity and focus of professional cooking.](https://ascensionadvisory.com/hubfs/Food%20Service%20Add%20On.webp) Background: The Ascension team represents the private equity owner of a leader in foodservice equipment solutions who provides a full range of services, including design, build, contracting, manufacturing, installation, and equipment. With over 1,000 completed projects totaling over $1 billion in construction value, the Company’s customers include renowned casinos, hospitals, hotels, restaurants, and academic institutions. The Company was executing an add-on acquisition of a commercial kitchen supply and design company, who would further the company’s vertically integrated competitive advantage and extend its buying power. Client Objective: The private equity sponsor partnered with Ascension given the team’s uniquely robust experience closing sale leasebacks simultaneously with OpCo acquisitions. By structuring a sale leaseback into the transaction, the sponsor was able to use the proceeds directly in the deal’s cap stack, significantly reducing their out-of-pocket equity requirement for the add-on. Solution: The Ascension team ran a competitive investor outreach process amongst its curated list of private and institutional investors. The team considered the sensitive nature of the transaction and the rapid timeline while focusing on maximizing the economic and lease terms for the company and identifying groups with the strongest certainty of execution, given the expedited nature of the transaction. After multiple rounds of bidding, Ascension and the sponsor selected an active, sophisticated institutional investor who Ascension has previously worked with, successfully closing within the required timeframe, simultaneously with the acquisition of the OpCo. To learn more about the benefits of executing a sale leaseback simultaneously with your OpCo acquisitions, reach out to Chelsea Mandel and the Ascension team by filling out the form below.   ### Let’s Talk   ###### Category - [Journal Article](https://ascensionadvisory.com/ascension-advisory-blog/tag/journal-article) - [Case Study](https://ascensionadvisory.com/ascension-advisory-blog/tag/case-study) - [M&A](https://ascensionadvisory.com/ascension-advisory-blog/tag/ma) - [Private Equity](https://ascensionadvisory.com/ascension-advisory-blog/tag/private-equity) - [Industrial](https://ascensionadvisory.com/ascension-advisory-blog/tag/industrial) - [Manufacturing](https://ascensionadvisory.com/ascension-advisory-blog/tag/manufacturing) - [Automotive](https://ascensionadvisory.com/ascension-advisory-blog/tag/automotive) - [Press Release](https://ascensionadvisory.com/ascension-advisory-blog/tag/press-release) - [Europe](https://ascensionadvisory.com/ascension-advisory-blog/tag/europe) - [Food Distribution](https://ascensionadvisory.com/ascension-advisory-blog/tag/food-distribution) - [Notable Transactions](https://ascensionadvisory.com/ascension-advisory-blog/tag/notable-transactions) - [Retail](https://ascensionadvisory.com/ascension-advisory-blog/tag/retail) - [Car Wash](https://ascensionadvisory.com/ascension-advisory-blog/tag/car-wash) - [Healthcare](https://ascensionadvisory.com/ascension-advisory-blog/tag/healthcare) - [Outdoor Storage](https://ascensionadvisory.com/ascension-advisory-blog/tag/outdoor-storage) - [Cold Storage](https://ascensionadvisory.com/ascension-advisory-blog/tag/cold-storage) - [Quick Service Restaurant](https://ascensionadvisory.com/ascension-advisory-blog/tag/quick-service-restaurant) - [Tax Benefits](https://ascensionadvisory.com/ascension-advisory-blog/tag/tax-benefits) - [Build to Suit](https://ascensionadvisory.com/ascension-advisory-blog/tag/build-to-suit) - [Capital Markets](https://ascensionadvisory.com/ascension-advisory-blog/tag/capital-markets) - [Pharmaceutical](https://ascensionadvisory.com/ascension-advisory-blog/tag/pharmaceutical) - [pharm](https://ascensionadvisory.com/ascension-advisory-blog/tag/pharm) ###### Popular Post - [The Difference Between Tuck-ins, Add-ons, and Platforms in M&A](https://ascensionadvisory.com/ascension-advisory-blog/the-difference-between-tuck-ins-add-ons-and-platforms-in-ma?hsLang=en) - [Why Airlines Use Sale Leasebacks to Unlock Capital and Stay Airborne](https://ascensionadvisory.com/ascension-advisory-blog/why-airlines-use-sale-leasebacks-to-unlock-capital-and-stay-airborne?hsLang=en) - [The Difference Between Platforms and PortCo's in Private Equity](https://ascensionadvisory.com/ascension-advisory-blog/the-difference-between-platforms-and-portcos-in-private-equity?hsLang=en) - [How to Structure a Leveraged Buyout for Maximum Value](https://ascensionadvisory.com/ascension-advisory-blog/how-to-structure-a-leveraged-buyout-for-maximum-value?hsLang=en) - [Case Study: Valeo Foods €88 Million European Sale Leaseback](https://ascensionadvisory.com/ascension-advisory-blog/case-study-valeo-foods-88-million-european-sale-leaseback?hsLang=en) ###### Subscribe ### Leave a Comment ### Similar Blogs ![$28M Pharmaceutical Facility Sale Leaseback for Olympus Partners](https://ascensionadvisory.com/hs-fs/hubfs/Olympus%20Partners%20(1).jpg?width=352&name=Olympus%20Partners%20(1).jpg) #### [$28M Pharmaceutical Facility Sale Leaseback for Olympus Partners](https://ascensionadvisory.com/ascension-advisory-blog/28m-pharmaceutical-facility-sale-leaseback-for-olympus-partners?hsLang=en) By [Spencer Freid](https://ascensionadvisory.com/ascension-advisory-blog/author/spencer-freid) 19 February 2026 Ascension Advisory advised Olympus Partners on a $28 million sale leaseback of a pharmaceutical... [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/4.175m-sale-leaseback-as-acquisition-financing-for-foodservice-equipment-provider-add-on) ![doug carey working at a table](https://ascensionadvisory.com/hs-fs/hubfs/Doug-2.png?width=352&name=Doug-2.png) #### [Sale Leasebacks for Acquisition Financing: A High-Level Guide for M&A](https://ascensionadvisory.com/ascension-advisory-blog/the-sale-leaseback-for-acquisition-financing-a-high-level-guide-for-ma-deals?hsLang=en) By [Doug Carey](https://ascensionadvisory.com/ascension-advisory-blog/author/doug-carey) 1 November 2023 As credit markets tighten and the cost of capital rises, the need for liquidity has continued to... [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/4.175m-sale-leaseback-as-acquisition-financing-for-foodservice-equipment-provider-add-on) ![Performance Auto Parts](https://ascensionadvisory.com/hs-fs/hubfs/Performance%20Parts.webp?width=352&name=Performance%20Parts.webp) #### [Industrial Sale Leaseback – High-Performance Auto Parts Manufacturer](https://ascensionadvisory.com/ascension-advisory-blog/industrial-sale-leaseback-high-performance-auto-parts-manufacture?hsLang=en) By [Doug Carey](https://ascensionadvisory.com/ascension-advisory-blog/author/doug-carey) 27 October 2023 **Background:** [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/4.175m-sale-leaseback-as-acquisition-financing-for-foodservice-equipment-provider-add-on) [![Ascension](https://ascensionadvisory.com/hubfs/raw_assets/public/ascension/images/logo-wordmark-white-green.png)](https://ascensionadvisory.com/?hsLang=en) Sale leaseback and M&A advisory for private companies, financial sponsors and family offices. ## Services - [Sale Leaseback Advisory](https://ascensionadvisory.com/sale-leaseback-overview?hsLang=en) - [M&A Solutions](https://ascensionadvisory.com/sell-your-business?hsLang=en) - [Transactions](https://ascensionadvisory.com/sale-leaseback-transactions?hsLang=en) ## Firm - [Team](https://ascensionadvisory.com/team?hsLang=en) - [Insights](https://ascensionadvisory.com/ascension-advisory-blog) - [Contact](https://ascensionadvisory.com/contact-us?hsLang=en) - [LinkedIn](https://www.linkedin.com/company/ascensionadvisory/posts/?viewAsMember=true) ## Offices - New York - London - Toronto - Madrid - Miami - Mexico City - [LinkedIn](https://www.linkedin.com/company/ascension-advisory) © 2026 Ascension Advisory™ - [Privacy Policy](https://ascensionadvisory.com/privacy-policy?hsLang=en) - [Terms & Conditions](https://ascensionadvisory.com/terms-conditions?hsLang=en) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Doug Carey", "url" : "https://ascensionadvisory.com/ascension-advisory-blog/author/doug-carey" }, "dateModified" : "2025-04-23T09:56:49.642Z", "datePublished" : "2023-05-04T13:41:00.000Z", "headline" : "$4.175M Sale Leaseback as Acquisition Financing for Foodservice Add-On", "image" : [ "https://ascensionadvisory.com/hubfs/Food%20Service%20Add%20On.webp" ], "mainEntityOfPage" : { "@id" : "https://ascensionadvisory.com/ascension-advisory-blog/4.175m-sale-leaseback-as-acquisition-financing-for-foodservice-equipment-provider-add-on", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://ascensionadvisory.com/hubfs/Logos/ascencion_black+green.jpg" }, "name" : "Ascension Advisory RE LLC" } } ```