FOR IMMEDIATE RELEASE
November 28, 2017
Byline Sponsor Finance Group supports LFM Capital in its acquisition of Medix Specialty Vehicles, LLC
Byline Bank’s Sponsor Finance Group (“BSFG”), the cash flow lending division of Chicago-based Byline Bank, announced that it provided revolving and term credit facilities to finance LFM Capital’s investment in Medix Specialty Vehicles, LLC (“Medix”).
Medix designs and manufacturers ambulances for use by municipalities and private contractors to provide essential services such as emergency response and patient transport. “Medix has carved out an impressive niche by providing its customers a compelling value proposition” said Dan Delgadillo, SVP of Byline Bank’s Sponsor Finance Group. “Management has had great success over the years in building this brand by providing exceptional service, support, and innovation to the ambulance industry. We are excited to partner with LFM Capital and management to support Medix’s future growth.”
About Byline Sponsor Finance Group
Byline Sponsor Finance Group, headquartered in Chicago, IL, 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 had $3.3 billion in assets at June 30, 2017, 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 LFM Capital
LFM Capital is a private equity firm that invests in private lower middle market North American manufacturing and industrial services companies with outstanding growth prospects. LFM is led by a team of experienced and successful Fortune 50 global operating executives and private equity professionals who bring decades of management leadership, operating best practices and a successful track record in lower middle market investing. The firm partners with management teams to drive business value through a combination of Lean manufacturing and operational best practices, world-class executive management recruiting and targeted growth and expansion strategies. LFM’s mission is to operate a firm that is guided by principles of integrity, transparency, collaboration and shared financial successes with business owners, management teams, investment partners and members of the firm. For more information, visit www.lfmcapital.com.
For more information please contact:
Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank
Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank