Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Racing & Performance Holdings, LLC’s (“R&P Holdings”), a Taglich Private Equity (“Taglich”) portfolio business, acquisition of RaceTec Holdings, LLC (“RaceTec”). BSF was represented by Duane Morris, LLP.
Founded in 2007 and headquartered in Huntington Beach, CA, RaceTec manufactures high-performance pistons for a wide range of engine types. With an expertise in designing custom forged pistons, among other capabilities, RaceTec is a heavily respected brand in the automotive aftermarket.
“RaceTec is a great fit for the R&P Holdings platform. The addition of RaceTec not only adds another premium brand to its portfolio, but expands its product line among professional and enthusiast engine-building customers. We are proud to partner with Taglich and RaceTec’s management team and look forward to continuing to facilitate R&P Holdings’ growth,” said Wes Oakford, Vice President, 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 Taglich Private Equity
Taglich Private Equity invests in manufacturing, business services and consumer products companies throughout the United States, ranging in size from $2 million to $15 million in EBITDA, for new platform acquisitions. Taglich strives to create long-term value in its investments through combining its financial and operational expertise with management’s in-depth understanding of their business and industry. For more information, please visit www.taglichpe.com.
For more information, please contact:
Business Development, Byline Sponsor Finance
Vice President, Byline Sponsor Finance
Managing Director, Group Head, Byline Sponsor Finance