Ascension Advisory Completes Another Sale Leaseback for Colson Group

Ascension Advisory is pleased to announce the successful completion of a sale leaseback transaction on behalf of Colson Group, the world’s largest manufacturer of casters and wheels, for its industrial facility in Jonesboro, Arkansas.
 
The transaction marks the third facility Ascension Advisory has worked on with Colson Group, further extending a successful partnership focused on unlocking strategic capital across the company’s industrial real estate footprint. Building on prior work together, Ascension helped Colson monetize another owned operating asset while preserving long-term control of a facility that plays an important role in the company’s manufacturing and distribution network.
 
Colson Group is the global leader in caster and wheel solutions, manufacturing and distributing a broad range of casters, wheels, and mobility products across OEM, distribution, and retail channels. With a global platform, deep manufacturing expertise, and an extensive product portfolio, the company continues to serve as a critical mobility solutions provider across a wide range of end markets.
 
For Colson, the Jonesboro transaction represented another opportunity to convert embedded real estate value into flexible growth capital. Through a carefully structured sale leaseback, the company was able to access capital for reinvestment while continuing to operate from a mission-critical facility without disruption.
 
Approach

Ascension Advisory structured and executed the sale leaseback of Colson Group’s approximately 147,000-square-foot industrial facility situated on 25 acres in Jonesboro, Arkansas.
 
Rather than approaching the transaction as a standalone real estate sale, Ascension positioned the asset within the context of Colson’s broader operating platform, long-term occupancy needs, and proven industry leadership. The goal was to deliver an outcome that balanced upfront proceeds, lease structure, operating flexibility, and investor certainty.
 
Ascension led a targeted investor outreach process designed to identify buyers that understood both the quality of the industrial real estate and the strength of Colson’s underlying business. The process emphasized the facility’s operational relevance, the scale of the site, the durability of the tenancy, and the opportunity to acquire an industrial asset leased to the market leader in caster and wheel solutions.
 
As part of the transaction, Colson entered into a new long-term triple-net lease with annual rent escalations. This structure allowed the company to retain uninterrupted control of the Jonesboro facility while providing the buyer with stable, long-term cash flow backed by a leading industrial operator.
 
Outcome

The sale leaseback unlocked significant capital for Colson Group, providing additional financial flexibility to support continued investment in the business.
 
By monetizing an owned facility while remaining in place under a long-term lease, Colson preserved operational continuity and strengthened its ability to pursue future growth initiatives. The transaction also demonstrated the continued value of sale leasebacks as a strategic capital tool for owner-operators with significant real estate holdings and long-term facility needs.
 
For the investor, the transaction offered the opportunity to acquire a strategically located industrial asset with scale, acreage, and long-term tenancy from the global leader in caster and wheel solutions.
 
Finally, transaction reinforces the ongoing partnership between Colson Group and Ascension Advisory. Having now worked together across three facilities, Ascension is proud to support Colson’s ability to unlock real estate value, reinvest in its operating platform, and position the business for long-term growth.