Byline Sponsor Finance (BSF), a division of Byline Bank, announced that it has provided financing to support Automotive Color & Supply (ACS), a WILsquare Capital portfolio business, in their acquisition of Paint Works. BSF was represented by Duane Morris. Midwest Mezzanine Funds (MMF) continued their support of the business’s acquisition in the form of both subordinated debt and equity.
Headquartered in Tyler, Texas, Paint Works is a regional, single-line distributor of PBE products for independent and small multi-shop owners. Its customer-centric operations make Paint Works a strong partner to body shops in the East Texas, Arkansas and Louisiana regions. For more information, please visit www.paintworkstyler.com.
“We’re happy to partner with WILsquare Capital and Midwest Mezzanine to support ACS’s acquisition of Paint Works. The company is a trusted partner in the collision repair space with a value-add business model and incredible legacy spanning several decades. We are excited to support both businesses in their next phase of growth,” said Sunay Salievski, Director of 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 bylinebank.com/sponsor-finance.
About WILsquare Capital
WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower-middle market businesses, with an emphasis on business services, niche manufacturing, distribution, and technology companies. The firm is currently investing out of WILsquare Capital Partners Fund II, L.P. For more information, please visit www.wilsquare.com.
About Midwest Mezzanine Funds
Midwest Mezzanine Funds is a Chicago-based junior capital firm with over 32 years of investing. MMF partners with private equity first, independent sponsors, family offices and management teams to provide over $1 billion of junior capital to more than 140 privately-owned, LMM companies throughout the US. The firm is currently investing out of Midwest Mezzanine Fund VII, L.P. For more information, please visit www.mmfcapital.com.
