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Representative Deals

The below table is a select number of transactions showcasing the breadth of Ascension Advisory's transaction experience as it relates to business industry, deal size, and real estate asset class. With offices throughout North America and Europe, the team has a global reach with experience transacting across geographies.

 

Notable Sale Leaseback Transactions
Notable Sale Leaseback Transactions

Transactions include those executed under Ascension Advisory as well as select transactions led by Ascension Advisory members. All third-party company names and logos remain the property of their respective holders. Use of them does not imply any affiliation with or endorsement.

Notable Sale Leaseback Transactions

Multiple Locations
Packaging Manufacturer

Reinvest into Business

Olympus Partners engaged the team to run a sale leaseback process for two of Liquibox’s manufacturing facilities, using the proceeds to invest in business growth. 
Olympus Partners and Liquibox

Ohio
Parts Manufacturer

Reinvest into Business

MiddleGround Capital hired Ascension to facilitate a sale leaseback for a manufacturing facility operated by Race Winning Brands, generating capital to fund strategic initiatives at the company.

MiddleGround Capital and Race Winning Brands

Texas
Recycling Solutions

Pay Down Debt

Ascension partnered with Mimir Group and Lindemann Metal Recycling Solutions to execute a sale leaseback of the company’s facility in Texas following the business acquisition.

Mimir Global Investment Group and Lindemann

Ohio
HVAC Manufacturer

Fund M&A Transaction

The team partnered with HIG Capital to structure a sale leaseback of a manufacturing facility, providing incremental proceeds to their acquisition capital stack of the Hart & Cooley business.  

HIG Capital and Hart Cooley

Multiple Locations
Packaging Manufacturer

Pay Down Debt 

Our team worked with Conner Industries, an industrial wood and packaging solutions provider, on a portfolio sale leaseback of its various locations, using the proceeds from the transaction to pay down debt at the business level. 

Conner Industries

California
Forgings Manufacturer

Fund M&A Transaction

We partnered with Wynnchurch Capital to execute a sale leaseback of an industrial outdoor storage site simultaneous with their acquisition of the operating company, California Amforge, to help fund the M&A deal.

Wynnchurch and California Amforge Corporatione

New York
Car Dealership

Fund Footprint Expansion

Ascension partners with Dennis & Co. to structure sale leasebacks of acquisition targets’ real estate alongside M&A as a strategy to help fuel business expansion. 

Dennis & Co. Auto Group

Nevada
HVAC Services

Fund M&A Transaction 

We partnered with Sunrise Service to structure a sale leaseback of the their warehouse as acquisition financing of the business transaction.

Sunrise Service, Inc.

Texas
Allergy Practice

Pay Down Debt

The Ascension team guided Greater Austin Allergy to a successful sale leaseback of their Austin practice, returning capital to help pay down debt.

Greater Austin Allergy

Indiana
Oils Manufacturer

Reinvest Into Business 

Ascension helped KSV Global execute a sale leaseback of The Perfumery’s manufacturing facility, freeing up capital to help optimize the business’s operations. 

KSV Global and The Perfumery

Connecticut
Fertility Practice

Reinvest into Business

We helped Sverica Capital and its portfolio company, In Vitro Sciences, leverage its fertility practice’s owned real estate to generate accretive financing to fund future business growth.  

Sverica Capital

Illinois
Physician Practice

Pay Down Debt  

The Ascension Advisory team facilitated a sale leaseback transaction on behalf of a medical clinic for Associated Physicians Group, generating proceeds to help pay down debt. 

Associated Physicians Group

Multiple Locations
Sausage Manufacturer

Reinvest Into Business 

The team worked with Kiolbassa Smoked Meats to execute a sale leaseback of its various refrigerated production facilities, allowing the company to further its business expansion.

Kiolbassa Smoked Meats

Multiple Locations
Wholesale Distributor

Pay Down Debt 

The team partnered with National Convenience Distributors to execute a portfolio sale leaseback of various warehouses in the northeast, freeing up capital to pay down debt.

National Convenience Distributors

Multiple Locations
Protein Manufacturer

Reinvest Into Business 

The Ascension team worked with Monogram Foods to structure sale leasebacks and a forward take-out of the company’s refrigerated food production facilities throughout the United States. 

Monogram

Multiple Locations
Car Wash Operator

Fund Footprint Expansion

Ascension Advisory has partnered with Dirty Dog’s Car Wash on a number of sale leasebacks and build to suit transactions throughout the United States to fuel footprint expansion. 
The Synosure Group and Dirty Dog's Car Wash

Multiple Locations
Metals Distribution

Reinvest Into Business  

Ascension partnered with MiddleGround Capital to structure a portfolio sale leaseback of AM Castle / Banner Industries’ manufacturing and distribution facilities.  

MiddleGround Capital, Castle Metals and Banner Industries

Multiple Locations
Industrial Repair

Reinvest Into Business 

Ascension partners with Searchlight Capital and its portfolio company Integrated Power Services to complete sale leasebacks of various company locations. 
Searchlight and Integrated Power Services

Multiple Locations
Components Manufacturer

Reinvest Into Business 

The Ascension team partnered with Altus Capital Partners and its portfolio company Nichols Portland to execute a number of sale leasebacks of company-owned manufacturing facilities. 

Altus Capital Partners and Nichols Portland

Multiple Locations
Industrial Textile Solutions

Reinvest Into Business 

Ascension partnered with JH Whitney and its portfolio company Cooley Group to execute a sale leaseback of a portfolio of manufacturing facilities occupied by the company. 

J.H. Whitney & Co. and Cooley Group

Multiple Locations
Equipment Supplier

Reinvest Into Business 

Ascension worked with Hidden Harbor Capital Partners and its portfolio company KT-Grant to execute a portfolio sale leaseback of a number of the company’s facilities. 

Hidden Harbor Capital Partners and KT-Grant

California
Baby Food Manufacturer

Pay Down Debt 

The team completed a sale leaseback on behalf of Initiative Foods' refrigerated food production facility in California to pay down debt at the business.  

Initiative Foods

Venlo, Netherlands
Mushroom Producer

Pay Down Debt 

Ascension partnered with CIM and its portfolio company Okechamp to structure a sale leaseback of Okechamp's refrigerated mushroom production facility.
Cornerstone Investment Management and Okechamp

Multiple Locations
Industrial Manufacturer

Reinvest Into Business 

The team worked with Blue Sea Capital to structure a portfolio sale leaseback of facilities operated by its portfolio company, Abrasive Technology. 
Blue Sea Capital and Abrasive Technology

Ohio
Industrial Outdoor Storage

Fund Footprint Expansion

We worked with I Squared Capital and their portfolio company, Star Leasing, to structure a sale leaseback of their industrial outdoor storage facility.
I Squared Capital (1)

 

Maryland
Life Support Technology

Reinvest into Business

We helped Spring Mountain Capital exercise a purchase option of Micropore's facility and executed a sale leaseback, generating a $3.2 million spread.Spring Mountain Capital

 

New York
Aerospace Manufacturer

Reinvest into Business

We helped Broadtree Partners complete a sale leaseback of Seanair's mission-critical facility to generate meaningful capital to drive further growth.Broadtree and Seanair

 

Multiple Locations
Material Storage Solutions

Reinvest into Business

Olympus Partners engaged Ascension to run a sale leaseback for 23 production and outdoor storage sites owned and operated by Tank Holding Corp.
Olympus Partners Logo (3)

 

Massachusetts
Components Manufacturer

Invest in Facility Upgrades

We executed a sale leaseback and tenant improvement allowance financing of Precision Machinist's manufacturing operations in the Boston metro area. 
precison Machinists Company

 

Multiple Locations
Precision Tool Manufacturer

Fund M&A Transaction

3-unit sale leaseback of L.S. Starrett's manufacturing facilities in Minnesota and Ohio on behalf of MiddleGround Capital, following their take-private.


MiddleGround Capital and Starrett

 

Brian Dennis, CEO and Founder of Dennis & Co. Auto Group

"Working with Ascension Advisory on the sale leaseback strategy has  allowed us to turbocharge our business expansion. In fact, our last deal was nothing short of incredible – we used the entire sale leaseback proceeds to fund the acquisition of the entire dealership operations – no cash outlay required."