http://www.ascensionadvisory.com/

Ascension Advisory, New York, NY (2026)

07/24/2023

Grateful for the glowing testimonial from Max Kothari, CEO at Express Kitchens! It's moments like these that fuel our passion for what we do! 🤝✨ Thank you for putting your trust in us, !

06/28/2023

📢 Exciting Announcement! Mark your calendars for the Markets Group Annual Private Equity Chicago Forum on August 2nd-3rd, where industry experts will gather to explore the dynamic world of Private Equity Sale Leaseback Strategies. We are honored to have Chelsea Mandel, Ascension's Co-Founder and Managing Director, as the moderator for this engaging panel discussion.

06/23/2023

📖 Background: The Ascension Team represents MiddleGround Capital, the private equity owner of Plasman -- a leading global manufacturer in bumpers/fascia, grilles, exterior trim and subsystem components. The Company occupies a manufacturing and assembly facility in Queretaro, Mexico. The location is a key manufacturing and storage facility for the business, totaling over 76,000 SF and 4.56 acres of land.

📌Client Objective: MiddleGround is a repeat client of Ascension, who recognized the value created through the sale leaseback transaction and the opportunity to free up capital for reinvestment into their business and operations.

📈Solution: The Ascension team ran a competitive bidding process through their wide buyer network of mostly local investors in Mexico. The process generated multiple bids. Ultimately an offer was accepted from a family office located in Mexico City, only a couple of hours away from the asset. The buyer was able to fully value the asset due to their expansive knowledge of the area and produced a very competitive set of terms along with an all-cash offer. Both buyer and seller were satisfied with the outcome and all parties look forward to the partnership.

04/28/2023

📖 Background:
Ascension represented an owner-operated multi-purpose property in Holyoke, Massachusetts. The unique property comprised of 8 interconnected buildings, 50 tenants and ongoing development/expansion while occupying an entire city block adjacent to the Connecticut river and sitting on 685,000 SF.

More impressive, the property houses its own hydroelectric facility that generates over 3,000 MWh of electricity per year with 2,000 MWh available for sale or owner use. At the time of listing the asset had significant in-place income with 135,000+ SF (20% of GLA) occupied and stabilized with local, national, and international tenants occupying spaces, including light industrial, office, retail, high-tech research labs, residential, and an event space, all paying market rents.

📌 Client Objective
Being fully integrated as the owner and manager of the site, and operating their own wedding business on the property, the client was very well known in the community, so this transaction required a delicate balance of being discreet while also putting the deal in front of as many capable potential buyers as possible. To add pressure, a new law passed in Massachusetts, triggering an additional tax burden for my client if we did not close before January 1st.

📈 Solution:
Upon reviewing the client’s situation and the property evaluation, Ascension recommended that the client structure a quasi-sale leaseback for the wedding venue business that the client ran in one of the units on the property.

Rather than going through a business broker to sell the business as a separate micro-cap business – potentially making significantly less proceeds in the process – Ascension instead created immediate value and simultaneously simplified the seller’s disposition by including the operating business in the transfer and simply converted a portion of the operating income into a lease payment that was applied to the cap rate. Both the buyer and seller left the table happy and satisfied with the quality-of-service Ascension provided.

🟢 To learn more about Ascension's services, head over to hireascension.com! 🟢

04/26/2023

Did you know that as the car wash industry continues to grow, businesses have two primary options for expansion? At Ascension, our Car Wash Team understands the unique advantages and challenges of both greenfield developments and acquisitions. Whether you're looking to build your business from the ground up or acquire an existing operation, our experts can provide the guidance and support you need to make informed decisions.

Contact us today to learn more about how we can help you achieve long-term success in the car wash industry.

04/18/2023

Attention to detail and responsiveness are key ingredients for a successful partnership. We make it our top priority to deliver exceptional service to our clients, and we're thrilled to hear that our efforts paid off for Andrew Breger and his team at KSV Global. Here's to many more successful collaborations in the future!

🟢 To learn more about our wide range of services, head over to hireascension.com 🟢

04/12/2023

📖 Background:
Ascension recently represented Cornerstone Business Enterprises, the real estate entity of Tri-Tech Medical, a leading manufacturer, and supplier of high-quality medical gas equipment. Tri-Tech operates from its 26,000+ square foot Avon, Ohio headquarters, a mission-critical facility for its operations.

📌 Client Objective:
Tri-Tech has been privately owned and operated since its founding in 1989. In 2004, they moved into their current facility, and they recently completed an expansion that substantially increased the facility's size. As Tri-Tech management's retirement was on the distant horizon, they aimed to monetize their owned real estate while aligning with their long-term objectives.

To achieve this goal, Tri-Tech engaged Ascension to conduct a sale leaseback transaction. This approach allowed Tri-Tech to unlock the value of its real estate while retaining its use for its operations, allowing it to continue to grow its business without compromising its facility's mission-critical status.

📈 Solution:
Ascension's team, led by Co-Founder and Managing Director Chelsea Mandel, conducted a competitive investor outreach process to target a curated list of private and institutional investors from their network who seek this asset type. Ascension's approach focused on identifying buyers offering the best terms for their client, with the highest certainty of ex*****on, who were also well-aligned with Tri-Tech's operational priorities.

Ultimately, a well-capitalized private buyer local to the asset was awarded the deal, closing cash and within the transaction timeline. Ascension's expertise and dedication to identifying the right buyer and executing transactions efficiently helped Tri-Tech achieve its long-term goals. Both Ascension and Tri-Tech were pleased with the outcome, and the parties look forward to a successful partnership. "It was a pleasure working with the Ascension Team,” explained Don Daviess, CEO of Tri-Tech Medical, adding: “They were very knowledgeable and helped us through the sale leaseback transaction to completion."

🟢 To learn more about our wide range of services, or to get started with an evaluation at no cost, head over to hireascension.com! 🟢

04/11/2023

Are you a gas station owner looking to enhance your investment strategy and unlock the true potential of your business? Look no further than a sale leaseback. Join Logan Carbonari as he delves into the intricacies of this profitable investment strategy, offering valuable insights and expert guidance along the way.

Listen to the full episode of Mission Critical now!

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03/24/2023

Another satisfied client!

Thank you for trusting Ascension to fulfill your unique needs, Bill! We are thrilled to have another satisfied client and will continue to go above and beyond to deliver exceptional service and tailored solutions.

🟢To learn more about our wide range of services, head over to hireascension.com! 🟢

03/10/2023

🟢 Industrial Manufacturing Company Unlocks Capital with Sale Leaseback Strategy! 🟢

📖 Background: The Ascension Team represents Altus Capital Partners, the private equity owner of Nichols Portland. Nichols Portland is a metal forming technology company that provides premium highly engineered products and assemblies for blue-chip customers in a variety of end markets including transportation, HVACR, aerospace and defense, and medical.

📌 Client Objective: Altus Capital viewed the sale leaseback of two mission critical facilities, which span over 160,000 square feet and 15 acres combined, as an ideal way to free up capital to pay down debt and reinvest into the business to facilitate additional growth for the operating company.

📈 Solution: With Ascension’s strong track record in the manufacturing sector, the team ran a competitive marketing process seeking a cash buyer who could close before end-of-year as requested by the client. After multiple rounds of bidding, the team closed the transaction with a buyer, who was a public REIT looking to deploy capital into manufacturing-related sale leaseback opportunities.

To learn more about our success and our services, head over to hireascension.com!

03/10/2023

🟢 Industrial Manufacturing Company Unlocks Capital with Sale Leaseback Strategy! 🟢

📖 Background: The Ascension Team represents Altus Capital Partners, the private equity owner of Nichols Portland. Nichols Portland is a metal forming technology company that provides premium highly engineered products and assemblies for blue-chip customers in a variety of end markets including transportation, HVACR, aerospace and defense, and medical.

📌 Client Objective: Altus Capital viewed the sale leaseback of two mission critical facilities, which span over 160,000 square feet and 15 acres combined, as an ideal way to free up capital to pay down debt and reinvest into the business to facilitate additional growth for the operating company.

📈 Solution: With Ascension’s strong track record in the manufacturing sector, the team ran a competitive marketing process seeking a cash buyer who could close before end-of-year as requested by the client. After multiple rounds of bidding, the team closed the transaction with a buyer, who was a public REIT looking to deploy capital into manufacturing-related sale leaseback opportunities.

To learn more about our success and our services, head over to hireascension.com!

Ascension Advisory

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