FOR IMMEDIATE RELEASE
October 9, 2018
Byline Sponsor Finance Group supports Wincove Private Holdings, LP’s combination of The Tool House with current investment, Rhino Assembly Company
Byline Bank’s Sponsor Finance Group (“BSFG”) announced that it increased revolving and term credit facilities to finance Rhino Assembly Company’s combination with The Tool House. Wincove Private Holdings, LP made an initial investment in Rhino Assembly Company, LLC in 2017. BSFG was represented by Duane Morris, LLP.
Founded in 1986 and headquartered in New Berlin, WI, The Tool House distributes assembly tools and material handling equipment for use in industrial manufacturing applications. “We are excited to support the combination of two complementary businesses that will expand the combined Company’s geographic reach and end markets served” said Dan Delgadillo, Senior Vice President of Byline Sponsor Finance Group.
About Byline Sponsor Finance Group
Byline Sponsor Finance Group, headquartered in Chicago, IL, with an additional office in Atlanta, GA, provides senior secured cash flow loans to private equity backed lower middle market companies throughout the United States. BSFG 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 Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE: BY), is a full service commercial bank serving small and medium sized businesses, financial sponsors, and consumers. Byline Bank has approximately $4.8 billion and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top 10 Small Business Administration lenders in the United States.
About Wincove Private Holdings, LP
Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon. For more information, visit: www.wincove.com.
For more information please contact:
Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank
Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank