Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Filtration Solutions Group (“FSG”), a nationwide filtration product distribution and service platform backed by Benford Capital Partners and KCM Capital Partners, in its acquisition of Filter Services of Indiana and FSI Filtration (collectively, “FSI”). BSF was represented by Duane Morris, LLP.

Founded in 1991 and headquartered in Indianapolis, IN, with additional locations in Ft. Wayne, IN, Cincinnati, OH, and South Bend, IN, FSI is a leading value-added distributor of air filtration products and recurring filtration services to education, healthcare, commercial and industrial, and municipal customers across the Midwest.

Joining FSG gives FSI’s customers access to a wider range of services, including duct cleaning, coil cleaning, and fire damper inspections, delivered by the same team they rely on today. For FSG, FSI brings a strong base of Midwest customer relationships and decades of filtration expertise to build on, along with deeper access to the industry’s leading filtration brands.

“We’re thrilled to partner with BCP and KCM to support FSG’s acquisition of FSI – a market-leading provider of filtration products and services with an incredible reputation for responsive, relationship-driven customer service spanning several decades. We are excited to continue supporting the platform through its 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.

About KCM Capital Partners
Founded in 2017 and based in Chicago, IL, KCM Capital Partners is an independent investment firm focused on investing in founder-owner lower middle market business services, value-added distribution, and specialty industrial companies throughout North America. Learn more at https://www.kcmcap.com/.

For more information please contact:

Jim Kuncl
Managing Director, 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