--- title: 5-Property Simultaneous Industrial Sale Leaseback description: Learn how a private equity firm executed a simultaneous industrial sale leaseback, creating substantial arbitrage and reducing the acquisition multiple. image: https://ascensionadvisory.com/hubfs/Industrial%20Demo%20(1).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?hsLang=en) [Private Equity](https://ascensionadvisory.com/ascension-advisory-blog/tag/private-equity), [Case Study](https://ascensionadvisory.com/ascension-advisory-blog/tag/case-study), [Industrial](https://ascensionadvisory.com/ascension-advisory-blog/tag/industrial) # 5-Property Simultaneous Industrial Sale Leaseback [By \- Chelsea Mandel,](https://ascensionadvisory.com/ascension-advisory-blog/author/chelsea-mandel) Feb 04, 2023 ![Excavator demolishing a building with rubble in the foreground and clear blue sky in the background.](https://ascensionadvisory.com/hubfs/Industrial%20Demo%20(1).webp) **Background:** Ascension Advisory represents a private equity backed provider of refractory tear-out and other maintenance services to industrial customers. The private equity firm was evaluating the acquisition of an industry leader in specialized removal services for customers in the steel, aluminum, foundry, chemical, and cement/lime industries and would include 5 manufacturing, storage, and distribution locations that were mission-critical to the company. The private equity firm engaged Ascension to evaluate a sale leaseback simultaneous with its acquisition of the operating business. **Client Objective:** With the tight timeframe of the simultaneous business acquisition, the firm engaged Ascension to run an expedited investor outreach process. The value proposition of the sale leaseback is that it would create substantial arbitrage for the sponsor given the multiple they were paying for the company versus the implied multiple of the sale leaseback transaction.  **Solution:** With extensive experience structuring sensitive, simultaneous sale leasebacks, the Ascension team was able to mobilize quickly and leverage its diverse investor network to bring in multiple competitive offers from qualified institutional buyers. After collecting multiple bids and thoroughly vetting each offer, Ascension and the sponsor collaboratively selected a buyer who offered the most competitive terms and certainty of close. The proceeds from the sale leaseback were applied to the purchase price of the business and allowed the sponsor to effectively reduce the acquisition multiple paid for the operating company.   ### 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 ![Close-up of a production line in a food processing facility, where clear plastic containers filled with fresh red grapes move along a conveyor belt. The setup suggests a packaging process for produce.](https://ascensionadvisory.com/hs-fs/hubfs/food%20manufacturing.webp?width=352&name=food%20manufacturing.webp) #### [3-Unit $83M Private Equity Backed Health Snack Portfolio](https://ascensionadvisory.com/ascension-advisory-blog/3-unit-83m-private-equity-backed-health-snack-portfolio?hsLang=en) By [Chelsea Mandel](https://ascensionadvisory.com/ascension-advisory-blog/author/chelsea-mandel) 2 January 2024 **Background:**The Ascension Team represented a private equity backed leading manufacturer and marketer... [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/5-property-simultaneous-industrial-sale-leaseback-in-alabama-and-pennsylvania) ![Precision Machinists Company](https://ascensionadvisory.com/hs-fs/hubfs/Precision.webp?width=352&name=Precision.webp) #### [Manufacturing Sale Leaseback on Behalf of Precision Machinists Company](https://ascensionadvisory.com/ascension-advisory-blog/industrial-manufacturing-sale-leaseback-on-behalf-of-precision-machinists-company?hsLang=en) By [Spencer Freid](https://ascensionadvisory.com/ascension-advisory-blog/author/spencer-freid) 12 July 2024 **Introduction:** [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/5-property-simultaneous-industrial-sale-leaseback-in-alabama-and-pennsylvania) ![Garden Nursery](https://ascensionadvisory.com/hs-fs/hubfs/Garden%20Nursery.webp?width=352&name=Garden%20Nursery.webp) #### [Sale Leaseback of Mission-Critical Industrial Portfolio in NJ](https://ascensionadvisory.com/ascension-advisory-blog/sale-leaseback-of-mission-critical-industrial-portfolio-in-nj?hsLang=en) By [Chelsea Mandel](https://ascensionadvisory.com/ascension-advisory-blog/author/chelsea-mandel) 11 August 2022 **Background:**The Ascension Team represents a private equity owned distributor and marketer of flower... [READ MORE](https://ascensionadvisory.com/ascension-advisory-blog/5-property-simultaneous-industrial-sale-leaseback-in-alabama-and-pennsylvania) [![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" : "Chelsea Mandel", "url" : "https://ascensionadvisory.com/ascension-advisory-blog/author/chelsea-mandel" }, "dateModified" : "2025-04-28T06:25:34.582Z", "datePublished" : "2023-02-04T19:21:00.000Z", "headline" : "5-Property Simultaneous Industrial Sale Leaseback", "image" : [ "https://ascensionadvisory.com/hubfs/Industrial%20Demo%20(1).webp" ], "mainEntityOfPage" : { "@id" : "https://ascensionadvisory.com/ascension-advisory-blog/5-property-simultaneous-industrial-sale-leaseback-in-alabama-and-pennsylvania", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://ascensionadvisory.com/hubfs/Logos/ascencion_black+green.jpg" }, "name" : "Ascension Advisory RE LLC" } } ```