News
Ácies Group LLC Closes on Ácies Fund II, L.P.
Middle-market investment bank Jordan Knauff & Company (JKC) is pleased to announce that Ácies Group LLC (Ácies or the Company) closed on Ácies Fund II, L.P. (the Fund) to finance the acquisition of industrial service facilities in the Midwest and Southeast. Based in Markham, Illinois, Ácies is a real estate investment firm specializing in logistics properties. JKC served as the exclusive financial advisor to Ácies.
The Fund was formed to capitalize on an investment philosophy within specific, institutionally-overlooked subcategories of logistics real estate that stand at the center of e-commerce growth in the United States. The Fund targets three subcategories of logistics real estate that are critical components of the overloaded “middle mile” and “last mile” of the e-commerce supply chain – flex warehouses, regional distribution centers and industrial service facilities.
Management plans to aggregate, manage, renovate, and exit a diversified, national portfolio (approximately 15 to 20 properties) located near primary and secondary cities in target geography that includes the Southeast, the Mid-Atlantic, and the Midwest.
The Company strategically chose to employ a value-add investment strategy based on a combination of property-level skills, logistics industry know-how, and a diverse network in both the logistics and real estate industries. Value creation is expected to be realized by improving the acquired assets’ operational efficiency and profitability.
Mr. Ned Mahic, one of the firm’s principals primarily engaged in acquisition, financing, and leasing, commented, “The demand and supply dynamics in our target sector have been extremely favorable to asset owners. We have been able to capitalize on the market opportunity with our ability to secure deals and realize their potential by employing our value-add strategy.” Chief Investment Officer Jingjing Zhang added, “Our annual financial report, audited by Cohn Reznick, showed the value of 14 properties we acquired in 2021 has appreciated considerably within the last 12 months.” Ned continued, “We look forward to expanding into more markets in the future and continuing what has brought us success thus far.”
Mr. G. Cook Jordan, Jr., Managing Principal of JKC, commented, “The rapid growth of e-commerce has caused a required expansion of the e-fulfilment supply chain in the U.S., with a resulting increase in demand for industrially-zoned logistics properties. Ácies is well-positioned to take advantage of this market opportunity based on its multi-disciplinary approach to investing. Its principals, Ned, Jingjing, and Arnold, each possess a wealth of knowledge and networks in real estate, investing, and logistics, respectively. They launched the Ácies Fund II, L.P. to scale their past success in mid-market industrial real estate.”
About Ácies Management
Mr. Ned Mahic, Chairman and Chief Executive Officer of Ácies, is an experienced real estate developer and investor, with more than 20 years’ experience in acquiring, financing, developing, and investing in various real estate properties. Company President, Mr. Arnold Kozys, specializes in the logistics industry, where he has operated a trucking company for more than 20 years. Ms. Jingjing Zhang, a Harvard Business School graduate and Chartered Alternative Investment Analyst professional, is an experienced institutional investor with more than a decade of experience in alternative investments.
About Jordan Knauff & Company
Jordan Knauff & Company is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Our services include selling companies, raising debt and equity capital, acquisition advisory services, and strategic business services to companies in a variety of industries, including among others, business services, energy logistics and distribution, flow control (pumps, valves, filtration), plastic injection molding, healthcare services, and building products and services. Typical transaction sizes range from $10 million to $300 million in total consideration.
Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, has over 30 years of private equity and investment banking experience, and seven years of executive and operations experience in middle-market companies. JKC’s entire professional team have spent their careers in the middle-market and offer that expertise and knowledge to their clients. It is their mission to provide the best available transaction advisory services along with in-depth industry specific research to middle-market companies and the entrepreneurs who lead them.
For more information, please contact Mr. Cook Jordan at cj@jordanknauff.com or visit www.jordanknauff.com. JKC is a member of FINRA.
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