FOR IMMEDIATE RELEASE
January 14, 2020
Byline Sponsor Finance supports Strength Capital Partners in its recapitalization of CALco Pallet Company.
1/14/2020 – Byline Sponsor Finance (“BSF”) announced that it has provided revolver and term credit facilities to finance Strength Capital Partners’ (“Strength”) recapitalization of CALco Pallet Company (“CALco” or the “Company”). BSF was represented by Duane Morris, LLP.
Headquartered in Richmond, IL, CALco is a vertically integrated, full-service wooden pallet manufacturer selling both new and recycled pallets to a diverse customer base throughout the Midwest. The Company’s operations include a captive hardwood sawmill and landscape mulching capabilities to monetize scrap and unusable pallets. The Company was founded in 2007 by brothers Matt and Greg Calhoun. Since its founding, CALco has experienced incredible growth and has become one of the most well respected, reliable suppliers in its core markets. “CALco’s growth has consistently outpaced the broader industry under Matt and Greg’s collective leadership. We are excited to be able to partner with the Calhouns and Strength Capital Partners as they continue to service their customers and grow the company both organically and through acquisition,” said Jim Kuncl, 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 Strength Capital Partners
Founded in 2000 by managing partners Mark McCammon and Mike Bergeron, Strength Capital Partners focuses on investing in U.S. based businesses with $2 – $20 million in EBITDA. They specialize in manufacturing, distribution, infrastructure and industrial services, as well as have experience in and an appreciation for consumer products and financial services. Over the years Strength has expanded from a two-man operation to an eleven-person team operating out of offices in Birmingham, MI, Cincinnati, OH and Denver, CO. For more information, visit: www.strengthcapital.com.
For more information please contact:
Jim Kuncl, Managing Director
Co- Head, Byline Sponsor Finance
Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance