Byline Bank Sponsor Finance (“BSF”) announced that it has provided revolver and term credit facilities to finance WILsquare Capital’s purchase of Resident Essentials (“RE”). BSF was represented by Duane Morris, LLP.
Founded in 2000 and headquartered in Weymouth, Massachusetts, Resident Essentials is a supplier of products serving senior care facilities and their residents. RE’s product line includes adaptive clothing and other items which enhance the quality of care and standard of living for facility residents. With over 20 years of experience, a wide assortment of products, and outstanding customer service, RE is the industry’s leading provider of senior needs.
“We’re happy to partner with WILsquare Capital to support its acquisition of Resident Essentials. The company is a trusted partner in the senior-care industry and has an impressive portfolio of diverse products and loyal customers. We are excited to support the business in their next phase of growth,” said Jim Kuncl, Managing Director and Group Head 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 www.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.
For more information, please contact:
Business Development, Byline Sponsor Finance
Vice President, Byline Sponsor Finance
Managing Director, Group Head, Byline Sponsor Finance