AIC Industrial Expands with Cleveland Acquisition

Deal News | Feb 28, 2025 | AIC Ventures LP

AIC Industrial Expands with Cleveland Acquisition

AIC Ventures LP, a private equity firm, has expanded its industrial portfolio through the acquisition of a 50,000 square-foot industrial facility located in Cleveland, Ohio. This facility is occupied by a tenant that operates within the business-to-business steel fabrication industry. The acquisition underscores AIC Ventures' continued efforts to enhance its presence in strategic industrial markets. By securing a foothold in the steel fabrication sector, AIC is aligning itself with a critical component of the manufacturing supply chain, meeting growing demand as industries continue to rebound. This strategic acquisition is part of AIC Ventures' broader strategy to invest in industrial assets that provide stable revenue streams through long-term tenant relationships.

Sectors

  • Private Equity
  • Industrial Real Estate
  • Steel Fabrication

Geography

  • United States – The acquisition of the industrial facility took place in Cleveland, Ohio, USA.
  • Ohio – The specific location of the industrial facility is in Cleveland, Ohio.

Industry

  • Private Equity – The article involves AIC Ventures LP, a private equity firm engaged in acquiring industrial assets.
  • Industrial Real Estate – The acquisition pertains to an industrial facility, highlighting activities within the industrial real estate sector.
  • Steel Fabrication – The tenant of the acquired facility specializes in steel fabrication, making this industry relevant.

Financials

  • 50,000 sqft – Size of the acquired industrial facility in Cleveland, Ohio.

Participants

NameRoleTypeDescription
AIC Ventures LPAcquirorPE FirmA private equity firm that specializes in acquiring industrial and commercial real estate assets.
AIC IndustrialAcquirerSubsidiaryA subsidiary of AIC Ventures focused on industrial property acquisitions.
Unnamed TenantOccupantCompanySpecializes in business-to-business steel fabrication, occupant of the acquired industrial facility.