October 9, 2020 – Byline Sponsor Finance (“BSF”) announced it has provided revolver and term credit facilities to finance Branford Castles’ purchase of Fibrix Filtration (“Fibrix”). BSF was represented by Duane Morris, LLP.
Based in Charlotte, NC, Fibrix Filtration has been manufacturing air filtration media products for over 50 years. With four facilities located in North Carolina and Texas, the Company’s products are pivotal in optimizing the performance of commercial and industrial HVAC systems, leading to enhanced system efficiency, lower energy costs and improved air quality. Fibrix’s air filtration media products are designed to meet specific technical standards related to particle capture, pressure drop and dust collection.
“We’re excited to be able to partner with Branford Castle and a company that is well positioned to continue providing innovative air quality filter solutions,” said Dan Delgadillo, 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 Branford Castle Partners
Branford Castle is a private market investor focusing on lower-middle-market investments, with a more than 30+ year history of helping to grow businesses. The firm typically makes control investments in companies with less than $15 million of EBITDA and a leadership position in a niche industry. Branford is particularly keen on the strong relationships it develops with its portfolio company managers. Branford has particular expertise in industrials/specialty manufacturing, consumer products, business services and logistics. For more information, please visit www.branfordcastle.com
For more information please contact:
Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance
Jim Kuncl, Managing Director
Co- Head, Byline Sponsor Finance