Ardian, a France-based global private investment firm, has signed a definitive agreement to sell its majority stake in Acousti Engineering, a leading specialty interiors contractor providing ceiling, drywall and flooring solutions for institutional and commercial markets across the southeastern United States, to Gamut Capital Management, according to The Manila Times.

Under Ardian's ownership, Acousti has successfully undergone strategic repositioning, professionalising its systems, enhancing its leadership bench and refocusing the business on higher-margin specialty projects. Acousti also implemented innovative technology throughout its operations to improve jobsite execution, manage risk and create a scalable business, including launching an AI initiative to streamline its bidding process.

Jason Taylor, chief executive officer of Acousti, said: "With Ardian's valuable support, Acousti has transformed from a family-owned business into one of the largest and most sophisticated interior finishes contractors, operating in more than 15 metropolitan areas and across a diverse set of end markets. We are proud of the team and platform we have built at Acousti and are grateful to Ardian for its partnership and guidance."

Todd Welsch, managing director of North America Fund at Ardian, said: "Acousti has cemented its reputation for excellence, underscored by management evolution and investment in systems and technology. We are grateful for our close partnership with Acousti's management team and are eager to see what the team will accomplish in this next chapter."

Kevin Kruse, managing director of North America Fund at Ardian, said the firm is honoured to have been part of Acousti's remarkable progress and development since its initial investment and remains confident in the company's continued success and evolution under Gamut's ownership. The firm is pleased by the significant value generated over the past five and a half years.

Explore detailed information on the transaction and Acousti's operational transformation in the complete story.