Ácies Group LLC Completes Partial Exit of 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 a partial exit of Ácies Fund II, L.P. (the Fund). Based in Wilmette, Illinois, Ácies is a real estate investment firm specializing in logistics properties. JKC served as the exclusive financial advisor to the Company.

The Fund was originally formed to capitalize on an investment philosophy within specific, insti-tutionally-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.

On February 10, the Fund divested six properties located in Georgia, Florida and Tennessee to Outour Acquisitions LLC for $30.4 million. The sale is part of Management’s plans to aggregate, manage, renovate and exit a diversified, national portfolio located near primary and secondary cities in target geography that includes the Southeast, the Mid-Atlantic and the Midwest. Eleven properties remain in the Fund.

Value creation was realized by improving these properties’ operational efficiency and profitability. 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.

Mr. Ned Mahic, one of the firm’s principals primarily engaged in acquisition, financing and leasing, commented, “We are satisfied with the results and look forward to replicating our achievements. Due to the ongoing increase in interest rates, we anticipate a potential price discrepancy in the near future, which presents attractive acquisition opportunities.”

Co-founder and Managing Principal of JKC, Mr. G. Cook Jordan, Jr., added, “The successful exit further supports Ácies’ investment directive to capitalize on an institutionally-overlooked subcategory of logistics real estate standing at the center of e-commerce growth and the continued repositioning of the fulfillment supply chain. The Company’s hands-on approach to property development, its value-add strategy and transparent investor communications provides a unique opportunity for the Limited Partners.”

For further information on this transaction or the Fund, please contact Mr. Jordan at 312-254-5901 or cj@jordanknauff.com.

 

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 visit www.jordanknauff.com. JKC is a member of FINRA.