Austin-based AIC Ventures completed a sale-leaseback transaction with Easley Custom Plastics (ECP), a supplier of plastics injection molding, painting and assembly, in Easley, S.C. \u00a0Financials for the deal were not disclosed. The transaction includes ECP\u2019s corporate headquarters and encompasses 277,000 square feet of manufacturing, office and warehouse space situated on 74 acres. AIC Ventures\u2019 real estate fund, NL Ventures VI, through an affiliate, acquired the properties and simultaneously entered into a long term absolute net lease with Easley. \u00a0Easley Custom Plastics provides specialized engineering and manufacturing services of custom injection molded plastic components.\u00a0 \u00a0\u201cWe weren\u2019t the first buyer that they attempted to do a transaction with; they went with someone else who couldn\u2019t perform and then came to us because of our track record of 83 for 83 in getting transactions done,\u201d David Steinwedell, managing partner for AIC, told CPN today. \u201cWe have complete discretion over our capital. To get transactions done in today\u2019s market, [going through] third party lenders can be tough. We can get our deals done under the terms we propose. From ECP\u2019s standpoint, there was surety of getting the deal done.\u201d Steinwedell said many companies are having a hard time getting capital because their traditional sources of raising money have been hit hard by credit crunch. \u201cA lot of [firms] are realizing that they have an asset on their hands that they haven\u2019t thought of monetizing before,\u201d he said. \u201cThrough a sale-leaseback, they can free up capital to grow their companies.\u201d AIC Ventures is a provider of capital to middle-market companies, with more than $700 million in completed transactions under its belt.<\/p>\n","protected":false},"excerpt":{"rendered":"
Austin-based AIC Ventures completed a sale-leaseback transaction with Easley Custom Plastics (ECP), a supplier of plastics injection molding, painting and assembly, in Easley, S.C. \u00a0Financials for the deal were not disclosed. The transaction includes ECP\u2019s corporate headquarters and encompasses 277,000 square feet of manufacturing, office and warehouse space situated on 74 acres. AIC Ventures\u2019 real…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003721283","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n