Deal Synopsis:
The Lenox Group advised All Metals Service & Warehousing, Inc. (“All Metals” or the “Company”) on the sale-leaseback of its real estate and equipment assets. This transaction positioned the Company to expand its South Carolina operations and to begin development of a third facility in Alabama. All Metals, with operations in Spartanburg, South Carolina, and Cartersville, Georgia, is the Southeast’s leading full-service dedicated toll processor of flat-rolled carbon steel, stainless steel and aluminum. Along with its affiliate, All Metals Transportation & Logistical Services, Inc., the Company provides a full-service concept which consists of processing, warehousing, inventory management and “just-in-time”/kanban distribution services to domestic and foreign steel mills, domestic and foreign trading companies, service centers and Original Equipment Manufacturers.
Funding for the real estate transaction was provided by AIC Ventures and funding for the equipment transaction was provided by Midland Capital Partners. Vision Financial Group of Pittsburgh assisted with the equipment financing. The real estate funding also included expansion financing for the Company’s South Carolina facility.