Brown Gibbons Lang Secures Build-to-Suit Financing for Miller Industries' New Facility

Brown Gibbons Lang & Company (BGL) has successfully concluded a significant financing arrangement to support the construction of a new manufacturing facility for Miller Industries, a prominent player in the manufacturing sector. The newly developed site, spanning 300,000 square feet, will be located in Fenton, Michigan and is poised to bolter Miller Industries' advanced manufacturing capabilities.

Strategic Development Financing

The financing for this project was provided by TPG through its Net Lease division, marking a pivotal moment for Miller Industries as it embarks on this ambitious venture. Following the completion of the construction, Miller Industries will engage in a long-term lease of the facility, ensuring stability and commitment to its manufacturing operations.

BGL's Real Estate team acted as the exclusive financial advisor to Miller Industries during this transaction, showcasing their expertise in assisting entities and private equity firms with tailored real estate financing solutions. Although specific financial terms have not been disclosed, the completion of this financing is a testament to BGL's robust experience in managing real estate needs effectively.

Advanced Manufacturing Technologies

This state-of-the-art facility will incorporate cutting-edge manufacturing technologies that include laser cutting, high-definition plasma cutting, robotic welding, and structural steel fabrication. By integrating these advanced capabilities, Miller Industries aims to enhance its product offerings, which serve various high-demand sectors such as data centers, pharmaceuticals, industrial manufacturing, and educational facilities.

Miller Industries is recognized as a leader in producing highly engineered modular electrical and mechanical solutions, specialized HVAC systems, and bespoke steel fabrication products. Their commitment to innovation and quality has established them as a reliable partner for numerous blue-chip clients.

Tower Arch Capital and Strategic Growth

Miller Industries is part of the portfolio of Tower Arch Capital, a respected private equity firm focusing on growth within the middle-market sector. Tower Arch Capital partners with family-owned and entrepreneur-led businesses to foster operational improvements, strategic growth, and value creation.

The financing arrangement highlights the increasing need for tailored solutions in the competitive landscape of manufacturing. It underscores the vital role that strategic partnerships play in securing resources necessary for scaling operations and driving efficiency.

Insights into BGL's Real Estate Services

BGL's Real Estate team provides comprehensive investment banking services tailored specifically to the middle market. Their solutions encompass real estate advisory, preferred and private equity placements, financial restructuring, sale-leasebacks, and structured finance across various asset classes. The team's commitment lies in assisting real estate developers and owners in forming valuable alliances to meet their capital needs.

Notably, Brown Gibbons Lang & Company stands out as an independent investment bank with a global reach. Its expertise includes navigating mergers and acquisitions, capital markets, and strategic consultative services for both private and public sector clients. With offices located in major U.S. cities and active engagement in international markets, BGL underscores its versatility and dedication to client success.

Conclusion

As Miller Industries prepares for construction at its new Fenton facility, the collaboration with BGL and TPG exemplifies how strategic financial planning and innovative partnerships position companies to thrive in a challenging economic environment. This venture marks an exciting chapter for Miller Industries as it continues to set industry benchmarks through exceptional manufacturing capabilities and strong client commitments.