May 5, 2020
HOUSTON (May 1, 2020) – In a video awards announcement produced by Association for Corporate Growth (ACG) Houston on April 28, Houston-based Welcome Group was named a winner of ACG’s Deal of the Year Award for their joint venture with Almanac Realty Investors, a New York-based REIT. BoyarMiller represented long-time client Welcome Group in this complex transaction, which closed in 2019.
ACG Houston is focused on celebrating Houston’s booming middle-market deal community. Their mission is to honor the deals and dealmakers who drive middle-market growth resulting in job growth, capital formation, and the advancement of meaningful business relationships.
Welcome Group, an industrial real estate development company, formed a joint venture with Almanac allowing them to expand outside of Texas for the first time, as well as grow their portfolio by close to $1 billion. Bill Boyar led the BoyarMiller team and represented both the Welcome Group and the joint venture. The transaction was highly complex and involved multiple sets of attorneys, more than 20 lenders, and 150 documents covering all aspects of debt structure, equity investment, corporate governance, and tax-efficient restructuring.
“We were proud to represent Welcome Group in this extremely important deal that helped secure the future of the company,” said Bill Boyar. “It is thrilling now to see a deal of this magnitude recognized by ACG.”
Founded in 1954, ACG is a global organization with 59 chapters and over 14,500 members. Doing business is at the heart of the ACG membership experience. Chapters in the U.S., Canada, Europe and Asia bring dealmakers together to help them achieve their business and professional goals. To learn more visit: www.acg.org/houston.
BoyarMiller is a mid-size Houston-based law firm that advances client business goals by bringing new possibilities into focus with confidence and clarity to achieve extraordinary outcomes. Since 1990, we have been providing practical and smart business solutions. Our firm is comprised of two practice groups—business law and litigation—and we serve multinational companies, middle-market businesses, and entrepreneurs in need of collaborative and strategic representation. See boyarmiller.com for more information.
About Welcome Group, LLC
Welcome Group owns over five million square single-tenant office, lab, industrial, and manufacturing facilities in Texas. Visit welcomegroup.com for more information.
Original Reference Source: Welcome Group