Introduction:
Ascension Advisory is thrilled to highlight the successful completion of a strategic sale leaseback transaction for Seanair, a leading provider of precision aerospace parts to the US Military. Backed by Broadtree Partners, Seanair operates out of a mission-critical facility in Long Island, New York, specializing in complex structural and precision machined parts for tactical airlift, stealth fighters, and high-altitude reconnaissance platforms.
The subject property is a mission-critical site that has been the backbone of Seanair's operations since 1967. Certified with AS9100D, Seanair's facility is strategically located in Long Island, benefiting from major freeway access and significant industrial density. The company's defensible market position and high barriers to entry, paired with the property's low maintenance attribute through the triple net lease, made this an attractive opportunity for the new landlord.
Demonstrating the company's commitment to the site, Seanair signed a long-term lease at closing. Seanair's long-term operating history and recent investments in CNC machines, calibration tools, safety equipment, and storage solutions underscore the facility's strategic importance to the business.
Conclusion:
The strategic sale leaseback transaction for Seanair's Long Island facility, facilitated by Ascension Advisory, allowed the private equity owner to generate meaningful capital that it could use to reinvest into the business and drive further growth.