Sale to West Partners, LLC

Real Estate
Sale to West Partners, LLC

Summary

Baird served as the exclusive financial advisor to Asset Development Group, Inc. on the transaction

About

Asset Development Group, Inc. (“ADG”) and its affiliates were recently acquired by West Partners, LLC (“West Partners”). Terms of the transaction were not disclosed.

Asset Development Group, Inc. is a vertically integrated manufactured housing and services platform that currently owns and operates 53 communities with over 5,400 homes and sites in the Midwest. ADG’s revenue stream comes from the leasing of manufactured home sites within its communities, and selling, financing and insuring new and pre-owned manufactured homes for current and future residents in ADG communities. ADG, founded in 1986, is headquartered in Milwaukee, Wisconsin.

West Partners, LLC is focused on making direct investments in private companies. As part of the Gary and Mary West Family Office, West Partners has a permanent capital base and no outside investors. Given this flexible approach to investment structure and investment horizon, the firm seeks managers who want to build great businesses over very long periods of time. West Partners is headquartered in San Diego, California.
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Real Estate
Sale to West Partners, LLC
Date
January 2017
Company
Asset Development Group, Inc.
Transaction
M&A
Sectors
Real Estate
Target Location
North America
Acquiror Location
North America

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