Byline Sponsor Finance supports Washington Equity Partners and its portfolio company Accu-Tube in the acquisition of Mercury Tube
Byline Bank Sponsor Finance (“BSF“), the cash flow lending division of Chicago-based Byline Bank, announced that it has provided revolver and term credit facilities to support Accu-Tube (“Accu-Tube”) and Washington Equity Partners (“WEP”) in its acquisition of Mercury Tube (“Mercury”). Accu-Tube is a leading manufacturer of highly engineered small-diameter stainless steel tubing sold mainly into the medical, aerospace and industrial end markets. Mercury is a leading global manufacturer of high precision stainless steel & high nickel alloy tubing. Both companies are based in Englewood, CO. BSF was represented by Duane Morris, LLP.
“Having these two businesses under the same management makes a great deal of sense. It expands the company’s collective tubing capabilities, which will help broaden the product offering across its customer base. We are very pleased to be able to support Washington Equity Partners in this deal,” 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 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 Washington Equity Partners
Washington Equity Partners is a sector-focused private equity firm that makes control equity investments in established lower middle market businesses with strong prospects for rapid organic and acquisition-driven growth. The firm is headquartered in McLean, VA and is focused on investing in: (i) Aerospace, Defense, and Government Contracting, (ii) Industrial and Advanced Manufacturing, and (iii) Software and Technology. For more information, please visit www.w-equity.com.
For more information please contact:
Jim Kuncl, Managing Director
Co- Head, Byline Sponsor Finance
Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance