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.