W.P. Carey completes $14m sale-leaseback.Investment firm W. P. Carey
Carey is the name of several places:
The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; , Texas-based UTEX Industries, Inc., a leading designer and manufacturer of sealing products, for approximately $14.7 million. UTEX Industries, a portfolio company of Boulder Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). , Colorado-based Grey Mountain Partners, will use the proceeds from the sale-leaseback to strengthen its balance sheet and support growth initiatives. W. P. Carey acquired the facility on behalf of Corporate Property Associates 16--Global Incorporated (CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. [R]:16--Global), a member of the $7.7 billion W. P. Carey Group of income generating real estate funds. Gino Sabatini, a director at W. P. Carey & Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , said, "We are pleased to have completed this sale-leaseback as it offers us the opportunity to increase our portfolio of properties in Texas while also providing UTEX Industries capital to improve its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets ." Ben Ault, a senior associate with Grey Mountain Partners, said, "This sale-leaseback will provide the business with additional capital to help support its record demand levels." Founded in 1940, UTEX Industries, Inc. is a Houston-based manufacturer of fluid sealmgsolutions for the oil and gas and general industrial markets. Grey Mountain Partners is a private equity firm focused on acquiring majority interests in smaller middle-market companies and then assisting them in executing growth plans. |
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