November 19, 2019 – Byline Sponsor Finance (“BSF”) announced that it has provided revolver and term credit facilities to finance Benford Capital Partners’ recapitalization of Warehouse-Lighting (“WHL” or the “Company”). BSF was represented by Duane Morris, LLP.
Founded in 2008 by James Abraham and headquartered in New Berlin, Wisconsin, WHL is a value-added distributor and marketer of high-quality, energy efficient LED lighting fixtures and related products for industrial, commercial, residential, and government / municipal applications. The Company was included in Inc. Magazine’s Inc. 5,000 list of America’s fastest growing private companies in 2016 and 2017 and Biz Times Future 50 in 2017. The Company markets and sells its branded WareLight product lines and distributes other market leading brands of LED fixtures and accessories. “Mr. Abraham has built a leading business in this space. We are excited to be able to partner with Mr. Abraham and Benford Capital Partners as they continue to build upon this success. We look forward to supporting the Company in the next phase of its growth,” said Jim Kuncl, Managing Director and Co-Head of Byline Sponsor Finance.
About Byline Sponsor Finance
Byline Sponsor Finance, with offices in Chicago, IL and Bethesda, MD 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 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 $5.4 billion in assets and operates more than 60 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 five Small Business Administration lenders in the United States. For more information, visit: www.bylinebank.com.
About Benford Capital Partners
Since 2004, Benford Capital has focused on buying and building smaller, lower middle market businesses. The firm has a unique approach compared to typical private equity funds, by investing in a limited number of businesses and building them patiently as an active, valued partner to management. Benford Capital has a flexible investment time horizon and can align with management’s shorter or longer-term timeframes. Benford Capital has acquired eighteen companies since 2004 and WHL is the firm’s fifth acquisition in the B to B e-commerce sector. For more information, visit: www.benfordcapital.com
For more information please contact:
Jim Kuncl, Managing Director
Co- Head, Byline Sponsor Finance
Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance