Haven Capital Partners has completed over $2.5B+ in sale-leaseback transactions. Take a look at some of our recent deals.
Wisconsin
Challenge
The Haven team represented a private equity backed marine company with a network of recreational marine dealerships, service, parts and storage facilities across Florida, Wisconsin, and Illinois. The client was pursuing an add-on acquisition to their existing platform. The business and real estate were being sold together at a ~6.50x EBITDA multiple.
Solution
Haven’s strategy identified an opportunity to bifurcate the real estate from the
operating business to improve the deal economics for the client, therefore allowing
them to offer a more competitive bid and secure the deal with the seller.
Result
Haven procured an institutional real estate partner to acquire the real estate at closing, contributing a meaningful amount of the total purchase price and reducing the post sale-leaseback entry multiple to ~4.75x EBITDA. Additionally, Haven secured a line of credit from the real estate partner to fund future renovation/expansion costs for the recently acquired facilities.
Florida
Challenge
The Haven team was asked to return as representation for a private equity backed marine company to utilize sale-leaseback funds to aid in their expansion. The client planned to relocate their current Florida location and develop a state-of-the-art dealership, showroom and repair facility.
Solution
Haven engaged an institutional real estate partner to purchase the vacant plot of land from the client, while simultaneously leasing it back to them and providing funds to develop the new site.
Result
After a thorough process, Haven was able to carry out all aspects of the
sale-leaseback for the new land purchase and secured substantial funds
for future construction. Upon closing, Haven secured $3.5 million for the
land and $6.4 million for future development.
Michigan
Challenge
Haven was engaged by a private equity client to evaluate a sale-leaseback of an industrial asset owned by one of their portfolio companies. The goal was to find a qualified buyer to monetize the real estate in conjunction with the client’s sale of the operating business.
Solution
Haven provided valuation guidance and tapped its network of qualified buyers to quickly identify the most appropriate buyer to purchase the property simultaneous with the business sale.
Result
Haven procured a private real estate buyer that closed the sale-leaseback on an expedited basis to meet the business sale timeline, allowing the client to achieve full value on both the business and real estate assets.
Senior Vice President, Acquisitions / Chicago, IL
As Senior Vice President of Acquisitions and head of Haven’s Chicago office, Matt is responsible for originating new sale-leaseback opportunities for the company, bringing over 9 years of real estate advisory experience to the firm. Prior to joining Haven, Matt served as Vice President in the Net Lease Investment group at Mid-America Real Estate, a Midwest advisory firm specializing in the acquisition and disposition of retail properties throughout the United States. Throughout his career, Matt has facilitated more than $400 million in total real estate transaction volume.
Matt received a B.S. from The University of Iowa and is a licensed real estate broker in the State of Illinois.
partner / Franklin, tn
As Partner of Haven, John is head of originations for the company. He is also a member of Haven’s Executive Committee.
Prior to Haven, Mr. Bradley led various real estate syndications, completing over $100 million in sale-leaseback transactions throughout the U.S. & Canada, as well as participating in several multi-family acquisitions totaling 1,000+ units. Prior to that, John spent a decade in credit risk, where he facilitated the purchase and sale of residential and commercial assets to institutional investors. John’s experience across the real estate spectrum, on both the advisor and principal sides, brings unique insight and perspective to Haven’s clients.
Mr. Bradley has a B.S. from Niagara University.
