Ascension Advisory Facilitates Creative $7.6 million Sale Leaseback Transaction for Micropore, Inc.

 

New York, NY –– Ascension Advisory is proud to announce the successful completion of a multifaceted sale leaseback transaction for Micropore, Inc., alongside their investment partner, Spring Mountain Capital.

 The innovative financial arrangement met and exceeded client expectations, closing four weeks ahead of schedule and realizing significant financial gains for Micropore.

 The transaction closed at a sale price of $7.6 million, providing Micropore with a net gain of $3.2 million and crucial liquidity to reinvest in strategic initiatives aimed at company growth.

Micropore, Inc., established in 1997 and located in Maryland, is a leader in developing technology for packaging fine powder chemistries into solid absorbent cartridges. These cartridges are critical components in carbon dioxide absorption systems used in rebreathing and life support systems.

 In 2018, Micropore entered into a leasing agreement for their industrial and warehouse facility, which included a strategic purchase option set to expire on May 30.

The Ascension team, renowned for their expertise in structuring complex deals, acted swiftly to solicit and secure investor interest. Within one week, a letter of intent was signed with a reputable private industrial real estate investment firm. 

Ascension meticulously coordinated the due diligence, the execution of the purchase option, and the finalizing of the sale leaseback transaction, ensuring all elements converged seamlessly for a successful closure.

For further details or to explore how Ascension Advisory can enhance your business operations, please visit our website at https://ascensionadvisory.com/our-services. 

CONTACT:

 Evan Sneider

Red Rooster PR

evansneider@gmail.com