Industry: Steel Fabrication

Enterprise Value: $31 Million

Approach: Real Estate Unlock + Minority Shareholder Buyout

Description: The target’s long-held real estate was appraised and monetized through a sale-leaseback, funding the buyout of disinterested minority shareholders at a premium to book value.

Uniqueness: NDFC’s ability to convert passive equity and underappreciated assets into closing capital gave this deal its edge.