%20(1).png)
PITTSBURGH, PA - March 27, 2023 - Operio Group, an emerging holding company building a global body of brands supplying and supporting the solid dose manufacturing industry, is proud to announce the successful completion of a significant sale leaseback transaction valued at $11 million, in collaboration with Ascension Advisory. This strategic financial move marks a pivotal moment for Operio Group, paving the way for an ambitious expansion phase that promises to significantly enhance its operational capacity and efficiency.
The transaction involves the sale of property assets followed by leasing them back, enabling Operio Group to unlock valuable capital. This capital will be directly invested in the company's growth initiatives, demonstrating Operio Group's commitment to innovation and excellence in the solid dose manufacturing industry.
“It was a fantastic opportunity to have this sale leaseback completed,” said Alastair Sanderson, CEO of Operio Group. “I am excited to partner with AIC to drive the next phase of growth in this business unit. The next phase will include the buildout of 60,000 square feet of much needed new manufacturing space in Pittsburgh.”
The new manufacturing space is aimed at addressing the growing demand for tablet press tooling solutions, ensuring that Operio Group remains at the forefront of technological advancements and customer service excellence. The CEO further emphasized the importance of this strategic move, "It is important to Operio that we invest in our highly skilled team members in giving them the facilities and tools required to continue their run as industry leaders."
"We were faced with a number of challenges in this deal," said Chelsea Mandel, Founder and Managing Director of Ascension Advisory. "But our team and our client remained dedicated to finding a solution and we worked diligently and creatively and ultimately achieved a tremendously successful result for Operio Group."
Operio Group and Ascension Advisory's collaboration on this sale leaseback deal is a significant milestone that signifies both companies' dedication to fostering growth, innovation, and leadership in the manufacturing sector. As Operio Group embarks on this exciting new phase, it reaffirms its commitment to delivering unparalleled value to its customers, employees, and stakeholders.
About Operio Group
Launched in 2022 and started from the seeds of LFA Machines and Vivion Inc., Operio Group was conceived from a simple idea: customers do not need machines or ingredients, they need solutions to make products. Operio has been set up to invest in companies that directly serve the food, beverage, nutraceutical and pharmaceutical manufacturing industries. Aiming to bring together multidisciplinary teams from different sections of the supply chain in the industries that it serves, Operio is able to not just provide products but support people through the consolidated knowledge of their brands. For more information, visit operiogroup.com.
About Ascension Advisory
Ascension Advisory is a corporate real estate advisory firm dedicated to providing real estate sale leasebacks for financial sponsors and business owners, globally. With strategically located offices in New York City, Miami, Toronto, Mexico City, London, and Madrid and a steadfast commitment to client service, Ascension Advisory assists sponsors and business owners in crafting and executing corporate real estate strategies that align with their strategic objectives. For more information about Ascension Advisory, please visit ascensionadvisory.com.
Contact
Whittney Hines
Operio Group
682-312-0034