AIC Ventures Acquires SET Enterprises Facilities in $13.3 Million Sale Leaseback.

AUSTIN, Texas -- AIC Ventures announced today that it has completed a sale leaseback transaction with SET Enterprises, Inc., a leading provider of metal processing services. The transaction is valued at $13.3 million and includes SET's manufacturing facilities in New Boston, Michigan and North Vernon, Indiana. AIC Ventures' real estate fund, NL Ventures VI, through an affiliate, acquired the properties and simultaneously entered into a long-term absolute net lease with SET. The asset includes two buildings which encompass 371,727 square feet of office and manufacturing space situated on approximately 26 acres.

Ken Pachla, Chief Financial Officer of SET Enterprises, said, "Working with AIC Ventures enabled cash proceeds from the sale of the facilities to be maximized for our expansion efforts, while maintaining SET's control of the assets for operating purposes. Thanks to the combined corporate financing and real estate expertise of the AIC Ventures team, the execution of the transaction was timely and flawless."

Peter Carlsen, President of AIC Ventures, added, "We are pleased to have structured a transaction that addressed the future needs of the company while allowing SET to realize the full value of its real estate. Most buyers purchase real estate with a financing or appraisal contingency, and that can make for an uncertain closing. We not only close for cash, but we always close on time."

Founded in 1989, SET Enterprises, Inc. is a world-class provider of metal processing services. Company products are represented on vehicles produced by most of the world's largest automobile manufacturers. SET is committed to meeting customer requirements and enhancing their satisfaction through continual improvement of its products, services, and quality management system. With over 290 employees, SET operates five Midwest facilities with 4 slitting lines and 16 blanking lines. SET is a Minority Business Enterprise certified by the Michigan Minority Business Development Council. Additional information on SET is available at www.setenterprises.com.

AIC Ventures is a leading provider of capital to middle-market companies. With over $700 million in completed transactions, AIC Ventures structures innovative corporate finance solutions for companies facing limited, short-term or expensive alternatives for capital. The company has closed more than 60 transactions in 22 states and is currently looking for property acquisitions throughout the United States. Whether sellers need to close quickly, have private equity interests, environmental or other challenges, AIC Ventures can help. For more information, please visit www.AICVentures.com.