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Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Purgo Holdings (“Purgo”), a Wincove Private Holdings portfolio business, in Purgo’s acquisition of Air and Liquid Systems (“ALSI”). BSF was represented by Duane Morris, LLP.

Founded in 2002 and located in Rochester Hills, Michigan, ALSI designs, manufactures and distributes air and liquid filtration equipment for the automotive and other industrial end markets. ALSI products include paint sludge removal equipment, water purification systems, CO2 cleaning systems and other water treatment equipment.

“ALSI leverages its engineering capabilities to provide unique, customized solutions that help their customers improve operational performance,” said Wes Oakford, Vice President Byline Sponsor Finance.

“This transaction fits squarely within our strategy to support lower-middle-market private equity sponsors as they look to build larger, more diversified businesses through add-on acquisitions,” said Dan Delgadillo, Managing Director and Co-Head of Byline Sponsor Finance.

About Purgo Holdings, LLC
Purgo was formed in 2018 with the acquisition of LAKOS Corporation (“LAKOS”) from Lindsay Corporation. LAKOS, based in Fresno, California, designs, manufactures and distributes branded water and liquid filtration products to the industrial, commercial, agricultural irrigation and residential groundwater markets. In 2021, Purgo acquired Steri, a Bohemia, New York, based designer and manufacturer of specialized filtration systems used in industrial processes primarily for the chemical and pharmaceutical end markets. For more information about LAKOS, Steri and ALSI, visit their websites, and

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

About Wincove Private Holdings
Founded in 2008, Wincove Private Holdings is a private market investor focusing on lower-middle-market investments. The firm typically makes control investments in companies with less than $100 million of revenue, where they have developed a direct relationship with the ownership group and management team. Wincove is particularly keen on partnering with founders or existing management. Wincove has particular expertise in industrials/specialty manufacturing, technology, business services and logistics. For more information, visit

For more information, please contact:

Jim Kuncl, Managing Director
Co-Head, Byline Sponsor Finance
[email protected]
(312) 660-5751

Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance
[email protected]
(980) 353-2989

Daniel Bresnahan, Business Development
Byline Sponsor Finance
[email protected]
(312) 660-5758