Sheppard Mullin advised Ardian on the deal.
Ardian, a world-leading private investment house, announced that its North America Direct Buyouts team reached agreement to acquire Acousti Engineering Company of Florida, a leading specialty contractor of complex interior systems for commercial and institutional buildings, from the Verner family and retiring members of the management team. Ardian will acquire a majority stake, while the ongoing management team will continue to own a meaningful minority share of the business.
Acousti provides a wide range of general and custom construction applications and interior finish applications for commercial construction customers. Founded in 1943 and headquartered in Orlando, Florida, its services include acoustic ceilings, flooring, walls, specialty products for interior systems, and specialty exterior applications. The company has 20 branches throughout Florida, Georgia, North Carolina, South Carolina, Virginia and Texas. With approximately 900 employees, Acousti is a leading specialty contractor installing complex, custom and specialty interior systems from a wide variety of manufacturers. The company has particular expertise in the healthcare, education, transportation, entertainment, office and infrastructure-related end markets.
Acousti Engineering Company of Florida and its offices throughout the Southern United States are committed to providing the highest quality products, installation, and other services to our valued customers.
Ardian is a world-leading private investment house with assets of US$100bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.
The Sheppard Mullin deal team advising Ardian was led by New York partners Andrew Felner (Picture) and Adam Shipley.
Involved fees earner: Andrew Felner – Sheppard Mullin;
Law Firms: Sheppard Mullin;