Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support BSC Industries, LLC (“BSC”), an independent, value-added distributor of bearings, power transmission products, and electrical and automation products backed by Benford Capital Partners (“BCP”), in its acquisition of Intercontinental Bearing Supply Company (“IBSCO”). BSF was represented by Duane Morris, LLP.

Founded in 1981 and headquartered in Cypress, TX, IBSCO is a value-added distributor of precision and miniature bearings with mission critical end market applications for aerospace & defense, medical, and other industrial end markets.

BSC seeks to leverage IBSCO’s highly complementary product line, expand its end market reach into the aerospace and defense and medical device sectors, and widen the platform’s geographic reach with IBSCO’s presence in Texas and throughout the Gulf Coast. IBSCO will enhance the platform’s re-lubrication capabilities via its vendor-authorized Class 6 cleanroom and rigorous industry certifications.

“We’re thrilled to partner with BCP to support BSC’s acquisition of IBSCO – a value-added player in miniature precision bearings with exceptional capabilities and an incredible legacy spanning several decades. We are excited to support both businesses in their next phase of growth,” said Sunay Salievski, Director at Byline Sponsor Finance.

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-$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 Benford Capital Partners
Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired over 75 companies and currently owns 19 platform companies. BCP’s industry areas of focus include Industrial Distribution, Industrial Technology & Manufacturing, Specialty Services, Agricultural Products and Services, Food & Beverage, and Ingredients & Consumer Products. For more information, please visit www.benfordcapital.com.

Please contact Brendan Green ([email protected]), Amit Singh ([email protected]), or Mike Dolak ([email protected]) with any questions or add-on acquisition ideas related to BSC Industries (www.bsc-ind.com).

For more information please contact:

Jim Kuncl
Managing Director, Byline Group Head
[email protected]
(312) 660-5751

Sunay Salievski
Director, Byline Sponsor Finance
[email protected]
(312) 460-3723

Daniel Bresnahan
Vice President, Byline Sponsor Finance
[email protected]
(312) 660-5785

Wesley Oakford
Vice President, Byline Sponsor Finance
[email protected]
(980) 353-2991

Luke Kohler
Vice President, Byline Sponsor Finance
[email protected]
(908) 353-2992