Austin, TX, June 18, 2012 (GLOBE NEWSWIRE) -- AIC Ventures, an investment fund manager providing alternative financing solutions to companies across the United States, purchased the 150,000 square foot industrial facility of Hartland, Wisconsin-based Dorner Mfg. Corp. The company is a world leader in the design, application, manufacturing, and integration of conveyor systems. AIC Ventures closed the transaction simultaneously with a recapitalization of the company by Incline Equity Partners and management and entered into a long-term lease of the facility.
"The team at Incline Equity approached us with clearly outlined objectives and a firm deadline under which to complete a real estate sale leaseback transaction. AIC's organization is designed to efficiently complete all due diligence, documentation and closing preparations in-house, so that we can confidently deliver results in line with expectations. Having these attributes has long allowed us to be a trusted partner to Incline Equity Partners and other private equity firms around the country," stated Luis F. Medina, Managing Director of Acquisitions at AIC.
Justin Bertram, founding Partner of Incline Equity Partners, stated: "We had worked with AIC Ventures in the past and as such were familiar and comfortable with their capabilities. AIC Ventures closed this very time sensitive transaction quickly from the time we authorized them to proceed. The transaction was executed with consistent and straightforward communication along with a level of ease that rarely accompanies a commercial real estate transaction. We are very pleased with the outcome and recommend AIC as a sound partner in sale leaseback transactions."
About AIC Ventures
AIC Ventures is a leading provider of alternative capital to middle-market companies via real estate sale leaseback transactions. With over $1 billion in completed transactions, AIC Ventures structures innovative corporate finance solutions for companies that need to strengthen their balance sheets, fund growth initiatives including acquisitions, fund succession planning and/or support other strategic initiatives. The company has closed 131 transactions in 29 states. For more information, visit www.aicventures.com.
About Incline Equity Partners
Incline Equity Partners is a private equity firm headquartered in Pittsburgh, Pennsylvania. Incline focuses on making private equity investments of $10 million to $25 million in support of leveraged buyouts, recapitalizations and large minority financings of lower middle market growth companies with enterprise values between $25 million and $100 million across a variety of industry sectors including specialized light manufacturing, value-added distribution, and business and industrial services. For more information, visit www.inclineequity.com
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