Industrial and Outdoor Storage Sale Leaseback in Mississippi

Background:

The Ascension Team represents MiddleGround Capital, the private equity owner of Attala Steel, a leading fabricator of specialty steel foundation components for ground-mounted utility-scale solar PV installations based out of Mississippi. MiddleGround had had recently invested millions of dollars into the steel mill and storage location.

Client Objective: 

MiddleGround Capital engaged the Ascension team to facilitate the sale leaseback transaction. The firm's objective was to generate sufficient sale leaseback proceeds in order to pay down existing corporate debt and fund the recent facility improvements at Attala’s 40+ acre facility.

Solution: 

Ascension’s track record of successful industrial and outdoor storage sale leasebacks provided MiddleGround with the comfort of having a well-equipped team to run an expedited and aggressive marketing process for the client. As a result, multiple offers from both institutional and private buyers were received, and the transaction closed successfully within the timeframe desired by MiddleGround.