Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Covington Capital’s acquisition of Tiseo Paving Company (“Tiseo”) alongside Covington’s co-investment partner, Center Rock Capital. BSF was represented by Duane Morris LLP.

Founded in 1981 and headquartered in Mesquite, TX, Tiseo is a provider of concrete paving services, primarily for state, county, and local municipal governments. Serving as the general contractor, self-performing all concrete pouring and flatwork, Tiseo completes municipal roadway projects throughout the Dallas-Fort Worth geography.

“We’re proud to support Covington Capital in their acquisition of Tiseo,” said Sunay Salievski, Director of Byline Sponsor Finance. “Tiseo has built a formidable reputation over four decades for excellence and reliability in the Dallas-Fort Worth infrastructure market. We look forward to supporting Tiseo’s continued growth and success”. For more information about Tiseo Paving Company, visit www.tiseopaving.com.

About Byline Sponsor Finance
Byline Sponsor Finance, with offices in Chicago, IL and Charlotte, NC, provides senior secured cash flow loans to private equity backed lower middle market companies throughout the United States. BSF focuses on companies that generate EBITDA between $2 million and $10 million with products that support the acquisition, recapitalization, and growth investment efforts of private equity firms operating in the lower middle market. For more information visit, www.bylinebank.com/sponsor-finance.

About Covington Capital
Covington Capital is a Troy, Michigan-based private equity firm investing from our $60 million pledge fund in technically differentiated and strategically important companies in the lower middle-market. Covington Capital seeks to partner with excellent management teams of lower middle market industrial companies with EBITDA under $10 million where we can leverage our sector knowledge to aid growth and support acquisition and business succession planning opportunities. For more information about Covington Capital, visit their website: www.covingtonllc.com.

About Center Rock Capital

Center Rock Capital Partners, LP is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks to invest in industrial manufacturing, industrial services, and industrial distribution companies headquartered in North America. With substantial expertise working constructively with management teams to drive both operational and strategic improvements, Center Rock’s investment professionals have the flexibility and tools to invest in a broad array of transactions and build value in lower middle market industrial companies. For more information, please visit www.centerrockcp.com.

For more information please contact:

Jim Kuncl
Managing Director, Group Head, Byline Sponsor Finance
(312) 660-5751

Sunay Salievski
Director, Byline Sponsor Finance
(312) 460-3723