Deal Synopsis:
The Lenox Group advised Brown Steel, LLC on the sale-leaseback of its manufacturing facility and on the restructuring of its senior credit facilities. Brown Steel, which is headquartered in Newnan, Georgia, is a leading fabricator and manufacturer of structural and plate steel products for commercial and industrial customers. Additionally, the Company builds customers’ proprietary finished products in the power, railroad, pulp, paper and material handling industries. Lastly, the Company offers field erection and installation services.
Funding for the real estate transaction was provided by AIC Ventures and the senior credit facility was provided by Colonial Bank, NA.