Byline Sponsor Finance (“BSF”) announced that it has provided revolver and term credit facilities to recapitalize L2 Capital’s portfolio company Orion ICS, LLC (“Orion” or “Orion Talent”). BSF was represented by Duane Morris, LLP.
Founded in 1991 and headquartered in Raleigh, North Carolina, Orion Talent provides clients with an end-to-end talent acquisition and recruitment process solution. The company offers a full suite of technology-driven talent acquisition solutions while remaining committed to its roots of veteran and military personnel recruitment. Powered by a diversity-rich network of talent, Orion is elevating the recruiting experience.
“We’re excited to partner with L2 Capital and Orion as they continue to execute on their growth strategy,” said Dan Bresnahan, Business Development at Byline Sponsor Finance. “Orion enjoys an excellent reputation in the market based on its demonstrated value-add to both its clients and candidate pools. The management team is top-tier and has positioned the company well based on its solutions-oriented approach.”
About L2 Capital
L2 Capital (www.L2Capital.net) is a lower middle market private equity firm in Devon, Pennsylvania, and Miami, Florida, that has delivered market-leading returns since 2010 by investing in niche lower middle market leading consumer and business services companies. L2 executes a differentiated operations-focused strategy by targeting founder and entrepreneur-led businesses that are at an inflection point where L2’s breakthrough growth framework and direct operating expertise can quickly accelerate market share gain.
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.