Borgman Capital Acquires Portfolio of Five Industrial Buildings Including MGS Manufacturing Headquarters
MILWAUKEE – (MAY 22, 2023) – Borgman Capital, a lower middle market private equity firm headquartered in Milwaukee, has acquired a portfolio of five industrial manufacturing and warehouse buildings totaling approximately 478,000 square feet. MGS Manufacturing occupies four of the five properties, located in Germantown and Menomonee Falls, WI. The fifth property in Antioch, IL is occupied by Westfall Technik.
“The portfolio was highly desirable for several reasons including location of the properties, a favorable industrial real estate market, and high-quality tenants occupying the buildings,” said Matt Kiefer, Director of Real Estate Investments with Borgman Capital. “In particular, MGS Manufacturing is fully committed to its headquarters in Germantown, having just announced a state-of-the-art expansion project to create a Global Healthcare Manufacturing Center of Excellence. We look forward to partnering with MGS on its headquarters expansion which will be an integral part of the company’s future success and growth.”
The acquired portfolio includes the following properties:
N117W19125 Fulton Drive, Germantown, WI
W188N11707 Maple Road, Germantown, WI
N118W19328 Bunsen Drive, Germantown, WI
N94W14661 Garwin Mace Drive, Menomonee Falls, WI
606 Drom Court, Antioch, IL
The 118,652-square-foot MGS Innovation Center will be located within the Germantown Industrial Park. The expansion will connect the existing headquarters into one continuous campus, enabling an exceptional customer experience and collaboration across all functional areas of the company.
Borgman Capital’s real estate practice acquires, develops, improves and repositions assets with a deal size between $5 and $60 million. It is focused on industrial, multi-family, office, and mixed-use asset classes.
Borgman Capital partnered on the transaction with Landmark Credit Union and Tri City National Bank for financing. Husch Blackwell served as legal counsel.
##
About Borgman Capital
Founded in 2017, Borgman Capital is a private equity firm focused on investing in successful lower middle market businesses that are poised for growth. The firm acquires companies with annual revenue between $10 and $100 million and EBITDA between $2 and $15 million. We are opportunistic in nature, ready to explore deals in a fair, flexible and creative manner. Borgman Capital is headquartered in Milwaukee with additional operations in the Twin Cities.
Additionally, Borgman Capital’s real estate practice is an investment capability dedicated to creating value and enhancing returns for investors through a proven, disciplined investment strategy. We seek to deliver a positive legacy on our real estate investments through delivering meaningful projects which better communities. We unlock value by having a deep understanding of real estate markets, taking a creative approach and fostering lasting relationships with the real estate professional community.
Learn more at borgmancapital.com.