Wingspire Capital and Piney Lake Capital Provide Unitranche Senior Credit Facility to Acousti

ATLANTA – March 1, 2024 — Wingspire Capital LLC (“Wingspire”) and Piney Lake Capital Management LP (“PLC”) together provided a Unitranche senior credit facility to constructor subcontractor, Acousti Engineering Company of Florida.

Acousti is the premier non-residential constructor subcontractor in the Southeastern U.S. focused on acoustical ceilings, flooring, and drywall. The Company has a strong history dating back to 1946 as the leader in the space. Acousti operates across a diverse range of end markets and industries including education, healthcare, and transportation.

Acousti, which is majority owned by the global investment firm, Ardian, is using the proceeds to refinance existing indebtedness in order to generate additional liquidity and propel the Company to its next chapter of growth and profitability.

ABOUT WINGSPIRE CAPITAL

Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, lender finance solutions, equipment leases, and sale leasebacks.  Industries financed include business services, consumer products, e-commerce & retail, food & beverage, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services. 

Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with $165 billion of assets under management as of December 31, 2023. For further information about Wingspire Capital, visit www.wingspirecapital.com

ABOUT PINEY LAKE CAPITAL

Launched in 2018, Piney Lake Capital takes a partnership approach to providing creative capital solutions to middle market companies. Utilizing a private equity style diligence process in order to develop a deep, holistic understanding of businesses, Piney Lake, having provided bespoke financing solutions to over 50 companies requiring over $1.1bn since inception, has the ability to invest across the entire capital structure, which helps solve complex situations for our partners. To learn more, please visit www.piney-lake.com.

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