Byline Bank Sponsor Finance (“BSF”) announced that it has provided revolver and term credit facilities to finance Benford Capital’s purchase of Animix LLC (“Animix”). BSF was represented by Duane Morris, LLP.
Founded in 1994 and based in Juneau, Wisconsin, Animix is a leading provider of mission-critical nutrients and custom-formulated, water-soluble premixes, supplements and ingredients used in the production of milk substitutes and other animal feed products. Animix plays a critical role in the animal feed supply chain, with its ingredients being essential the end product’s safety, quality and effectiveness.
“We’re happy to support Benford Capital Partners as they acquire Animix. The company is an industry leader in calf nutrition with longstanding customer relationships, as well as an impressive batch of in-house-produced proprietary formulations. We are excited to support them in their growth moving forward,” said Jim Kuncl, Managing Director and Co-Head of Byline Sponsor Finance.
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 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 more than 40 companies and currently owns 14 platform companies. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. For more information, please visit www.benfordcapital.com.
For more information, please contact:
Jim Kuncl, Managing Director
Co-Head, Byline Sponsor Finance
Daniel Bresnahan, Business Development
Byline Sponsor Finance