Aterian Investment Partners Portfolio Company Bluewater Thermal Solutions Completes Sale of Nine Industrial Facilities to STORE

  Aterian Investment Partners Portfolio Company Bluewater Thermal Solutions
 Completes Sale of Nine Industrial Facilities to STORE Capital in Real Estate
                     Portfolio Sale Leaseback Transaction

PR Newswire

NEW YORK, Dec. 16, 2013

NEW YORK, Dec. 16, 2013 /PRNewswire/ --Aterian Investment Partners
("Aterian"), a private equity firm, announces that its portfolio company
Bluewater Thermal Solutions ("Bluewater") completed the sale of nine
industrial facilities to STORE Capital Corporation ("STORE"). The portfolio,
totaling over 500,000 square feet, consisted of heat treating plants in
Illinois, Michigan, Indiana, Pennsylvania and Ontario, Canada. In conjunction
with the sale, Bluewater simultaneously entered into a long-term lease with
STORE at each of the locations.

Bluewater is a leading provider of heat treating services and solutions to a
number of North American manufacturing industries. The company provides a
range of metallurgical heat-treating processes in which metal parts are
exposed to precise temperatures, atmospheres, quenchants, and other conditions
to improve their mechanical properties, durability, and wear resistance.
Bluewater services over 2,000 unique customers in the automotive, heavy truck,
aerospace, construction, agriculture and energy industries.

Isaac Chalal, Vice President of Aterian, stated "We are pleased to partner
with the STORE team to consummate this transaction. Their thorough and
efficient approach to understanding Bluewater's value proposition and the
criticality of its services to the customer base convinced us that they would
be a fantastic long-term partner for the company. This is the third sale
leaseback transaction that Aterian has completed in the last twelve months and
represents another example of Aterian's focus on driving significant cash
generating initiatives on behalf of its portfolio companies."

"We are excited to partner with Aterian and provide our net lease financing
solution to one of their portfolio companies, Bluewater Thermal Solutions,"
said Christopher Volk, CEO of STORE Capital. "STORE's ability to provide a
tailored, flexible solution and act quickly enabled Bluewater to free up
significant capital to accelerate several key growth initiatives. Aterian's
responsiveness and commercial approach facilitated an expedient and certain
transaction closing. We look forward to the mutual benefits of a long-term
relationship with both Bluewater and Aterian."

About Aterian Investment Partners
Aterian Investment Partners is a private equity firm focused on providing
capital to market leading small-to-middle businesses across a broad range of
industries that represent unique situations, turnarounds, or otherwise are
opportunities to collaborate with management to optimize profitability.
Aterian targets businesses generating $25 million to $500 million in annual
revenues with strong, proven franchises. Aterian's principals have extensive
experience investing in complicated and operationally intensive situations
including corporate carve-outs, restructurings both in and out of bankruptcy,
and strategic investments necessary to build and enhance value for
allstakeholders. Aterian will use its fund to invest in both control and
non-control situations across the capital structure in addition to bridging
the entire purchase price, thereby providing sellers the utmost speed and
certainty of closing. For more information, please visit
http://www.aterianpartners.com.

About STORE Capital Corporation ("STORE")
STORE Capital Corporation is the leader in middle market capital solutions,
backed by funds managed by Oaktree Capital Management, L.P., together with
other institutional shareholders. STORE's mission is to address the long-term
capital needs of real estate intensive operating businesses throughout the
United States. Through tailored real estate lease and mortgage financing
solutions, STORE's aim is to create wealth for its customers by improving the
capital efficiency of their businesses.

SOURCE Aterian Investment Partners

Website: http://www.aterianpartners.com
Contact: Isaac Chalal, Aterian Investment Partners, LLC, 212-287-2911,
ichalal@aterianpartners.com
 
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