Case Study: Douglas Dynamics achieves a successful accelerated sale-leaseback with Mohr Partners

Douglas Dynamics boosts sale leaseback value by $16.55M with Mohr Partners

Douglas Dynamics, a leading manufacturer of work truck attachments and equipment, sought to monetize its entire owned real estate portfolio. The company's challenge was to find a high-quality buyer to acquire all seven of its sites in a timely manner and use the transaction proceeds to pay down debt. They engaged the services of vendor Mohr Partners for this sale leaseback transaction management.

Mohr Partners implemented a solution that involved identifying numerous qualified buyers, which resulted in a competitive bidding war between six institutional investors. Mohr Partners facilitated the process and collaborated with both parties to secure an agreement. The results included the successful sale of all assets and a 15-year leaseback for Douglas Dynamics, closed in less than 60 days. Mohr Partners achieved a $16.55 million increase in the purchase price, a reduction of the lease term to 10 years, and a 25 basis point reduction in annual escalations.

Douglas Dynamics