Byline Sponsor Finance (BSF), a division of Byline Bank, announced that it has provided financing to support the acquisition of Carolina Filters, Inc. (CFI), a supporter of mission-critical filtration applications, backed by KCM Capital Partners and Benford Capital Partners. BSF was represented by Duane Morris, LLP.

Founded in 1968 and headquartered in Sumter, South Carolina, CFI is a provider of mission-critical filtration products and services to a variety of industrial and commercial customers across the United States. The company offers a full suite of filtration solutions across three business divisions: (i) Carolina PEC, a provider of specialized cleaning and testing of mission-critical industrial process filtration applications, (ii) Carolina IAQ, a provider of indoor air quality solutions such as filter service, fire damper testing, and coil and duct cleaning, and (iii) Carolina Filter Supply, a distributor of air filters, liquid filters, filter housings and custom order kitting. For more information, please visit carolinafilters.com.

“Byline Sponsor Finance is excited to partner with KCM Capital Partners and Benford Capital Partners in support of the continued growth of Carolina Filters, Inc.,” said Sunay Salievski, Director at Byline Sponsor Finance. “CFI has a strong history of providing best-in-class filtration products and services to a variety of end markets across the United States.”

About Byline Sponsor Finance
Byline Sponsor Finance, with offices in Chicago and Charlotte, North Carolina, 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 bylinebank.com/sponsor-finance.

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 kcmcap.com.

About Benford Capital Partners
Founded in 2004, Benford Capital Partners is a Chicago-based private equity investment firm that invests in lower middle market companies with EBITDA between $2 million and $15 million. The firm focuses on sectors such as industrial technology, food & consumer products, agricultural products & services, B2B e-commerce, niche manufacturing, value-added distribution, and outsourced business services. Learn more at benfordcapital.com.