• Corporate Finance Transactions

BGL Real Estate Advisors Announce the Sale of Pioneer Real Estate to STORE

August 21 2018

ClevelandAugust 21, 2018 BGL Real Estate Advisors (BGLREA) is pleased to announce the financial closing of the sale-leaseback of five manufacturing plants with over 286,366 of NNN space (The Project).  The Project was owned by Pioneer Metal Finishing, LLC (Pioneer), a leading provider of outsourced anodizing, plating, hardcoat, adhesive, electroless nickel, and other value-added surface treating services in North America.

Aterian is a private equity fund that invests in industry leading, middle market businesses providing resources to further enhance growth, operations and investment initiatives. Aterian invests in businesses generating $25 million to $500 million of annual revenue with strong, proven franchises. Aterian will support the next phase of Pioneer's growth by collaborating with management to execute on the company's long-term strategic plan, investing in key growth initiatives and implementing best-practice operational processes. Aterian is actively pursuing add-ons for Pioneer.

Brandon Bethea, Partner at Aterian, commented, “We are excited to add Pioneer to the Aterian portfolio and for the opportunity to collaborate with management as the company enters the next chapter in its long history. We intend to facilitate management’s efforts to invest in key growth initiatives across new products and regions and by doing so support the company’s existing reputation for outstanding customer service.”

Daniel Phan, Vice President at Aterian, commented, “This transaction is a great example of Aterian’s ability to expediently execute on complex situations. This transaction required agreement among multiple strategic parties in advance of closing and involved international dynamics. We are pleased to have worked with and provided solutions for the sellers throughout the process.”

Headquartered in Green Bay, Wisconsin, Pioneer is a leading provider of anodizing and plating services in North America, offering a diverse, comprehensive suite of surface performance treatments to its broad customer base. Pioneer has been serving its customers for nearly 73 years and is among the largest provider in the industry.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Diversified Industrials, Metals & Metals Processing, and Real Estate. BGL has offices in Atlanta, Chicago, Cleveland, Denver, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.

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