FOR IMMEDIATE RELEASE
January 28, 2020
Byline Sponsor Finance supports Huron Capital and Salt Creek Capital in their joint acquisition of Pacific Shoring
Byline Bank Sponsor Finance (“BSF”) announced that it has provided revolver and term credit facilities to finance Huron Capital’s and Salt Creek Capital’s joint acquisition of Pacific Shoring (the “Company”). BSF was represented by Duane Morris, LLP.
Headquartered in Santa Rosa, CA, Pacific Shoring is the largest manufacturer of aluminum shoring equipment in the United States with products used to aid in the excavation process, to provide a critical system to protect workers, and to ensure trench work is done safely. “Pacific Shoring is a leader in the aluminum trench shoring market and we are excited to partner with Huron, Salt Creek, new CEO Bruce Russell, and the existing management team at the Company,” 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 Bethesda, MD 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 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 has approximately $5.4 billion in assets and operates more than 60 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. For more information, visit: www.bylinebank.com.
About Huron Capital
Based in Detroit, Huron Capital is an operationally focused private equity firm with a long history of growing lower middle-market companies through its proprietary ExecFactor® and buy-and-build investment models. Huron Capital prefers complex situations where it believes it can help companies reach their full potential by combining its operational and strategic resources, substantial capital base, and transaction experience with seasoned operating executives. Over the past two decades, Huron Capital has successfully established six investment funds totaling approximately $1.8 billion in capital and has completed over 175 transactions throughout North America. Huron Capital portfolio companies have had aggregate annual revenues exceeding $3.0 billion, 15,000 employees and operated over 325 facilities. Huron Capital targets both control and non-control equity stakes in fundamentally sound companies that the firm believes can benefit from its operational approach to creating value. These transactions typically take the form of equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital’s sector focus includes business services, consumer products & services and specialty industrials. For more information, please visit: www.huroncapital.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm that partners with experienced operating executives to acquire profitable companies with up to $100 million in revenue. Salt Creek Capital takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and improve operating efficiencies. For more information, visit www.saltcreekcap.com.
For more information please contact:
Jim Kuncl, Managing Director
Co-Head, Byline Sponsor Finance
Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance