"We are so grateful for your hard work, flexibility, and perseverance in helping The Clearwing Group find the right and the best alternative to recapitalize our company. I would not hesitate to engage Promontory Point Capital again. Thank you."
Jeffrey J. Van Straten
Chief Executive Officer
The Clearwing Group
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Promontory Point Capital is excited to announce another one of our firm's recent client successes.
The Clearwing Group specializes in providing an extensive array of professional-grade audio, video, and lighting solutions to clients throughout North America. With offices in Milwaukee, Denver, and Phoenix serving a national client base, the Company's Clearwing Productions segment supports the needs of touring musicians & theatrical events while the Clearwing Systems Integration business focuses on addressing the permanent, custom installation of audio, video, and lighting systems into schools, universities, performing arts centers, and other venues. With a family-owned legacy dating back to the mid-1970s, The Clearwing Group has gained national recognition with notable clients including bands such as the Foo Fighters & Pearl Jam along with corporate customers such as the NFL, Best Buy, Target, Nike, and numerous others.
As with many businesses, The Clearwing Group was negatively impacted by the COVID-19 pandemic, and as a result, the Company needed to take quick action to survive. After meeting with Company ownership and Clearwing's advisory board, Promontory Point Capital was engaged to assist in the execution of a profit improvement and refinancing initiative. Working with Clearwing's senior leadership, PPC helped develop and prioritize various profit improvement plans, managed ongoing communications with the Company's lender, and also led an outreach program to secure new sources of financing. As Clearwing's profit improvement initiatives began to demonstrate significant cost savings, CIBM Bank provided a financing proposal that addressed the Company's funding objectives. PPC supported Clearwing through the new lender's underwriting and credit approval process ultimately supporting the closing of a new financing package in September. This successful refinancing initiative for The Clearwing Group represented another rewarding Done Deal for Promontory Point Capital during 2021.
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Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 150 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:
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Ownership Planning, including Transition & Liquidity Goals: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.
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Financing, Refinancing, & Debt Restructuring: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.
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Strategic Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.
We welcome your confidential inquiry and encourage you to visit our firm's new website at
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PROMONTORY POINT CAPITAL
MILWAUKEE – (414) 225-0484
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Edward Eisenhauer
Analyst
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PROMONTORY POINT PARTNERS
CHICAGO – (312) 925-9972
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Tim Wright
Senior Manager
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Investment Bankers That Get Results
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