AIC Ventures Completes 80th Sale Leaseback with Easley Custom Plastics.AUSTIN, Texas -- AIC Ventures announced today that it has completed a sale leaseback transaction with Easley Custom Plastics (ECP), a supplier of choice for plastics injection molding, painting and assembly, serving a variety of industries. The transaction includes ECP's corporate headquarters in Easley, South Carolina; the asset encompasses 277,000 square feet of manufacturing, office and warehouse space situated on 74 acres. 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 Easley. Craig Homan, President of ECP, said, "We have scrutinized the sale leaseback market for several years, shopping providers and examining proposals, and each time resisting the seemingly laborious process so that we could continue to hold on to our real estate. What separated AIC from competitors was the ability to conduct an honest and straightforward discussion regarding our expectations and terms necessary to complete the transaction. They met our value expectations and executed a seamless process with professional and timely communication. I am extremely proud of what has been accomplished as a result of this sale leaseback - the financial capability to fulfill a management buyout that positions the company to fully achieve its growth potential." Peter Carlsen, President of AIC Ventures, noted that "AIC views an open, mutually beneficial and long-term relationship with its tenants as a critical component of success; these fundamentals ultimately enabled us to secure this opportunity. The ECP management team approached us with clearly outlined objectives and a firm deadline under which to complete a sale leaseback. Our organization is designed to efficiently complete all due-diligence, transaction structuring and closing preparations in-house, so we can confidently execute to our sellers' expectations." 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 80 transactions nationwide. 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. Those interested in receiving future updates on AIC Ventures via e-mail can register at www.aicventuresmedia.com. |
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