Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Argus Monitoring Solutions Holdings, LLC (“Argus”), a Benford Capital Partners (“Benford Capital”) portfolio business, in its acquisition of Seismic Surveys, LLC (“Seismic Surveys”). BSF was represented by Duane Morris, LLP.
Founded in 2001 and headquartered in Frederick, Maryland, Seismic Surveys is a provider of infrastructure-related consulting/inspection services and seismic/environmental monitoring services. Seismic Surveys has expertise in measuring, analyzing and controlling ground vibration, sound pressure and other environmental parameters. Seismic Surveys helps clients comply with regulatory requirements, protect against damage, optimize production and process management, and maintain favorable public relations.
“We are excited to support Benford Capital in growing their Argus platform by acquiring Seismic Surveys,” said Jim Kuncl, Managing Director and Co-Head of Byline Sponsor Finance. “The platform provides a full suite of mission-critical services to customers throughout the construction value chain and therefore serves a pivotal role in maintaining infrastructure across the country.”
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 Benford Capital Partners
Founded in 2004, Benford Capital Partners is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital Partners has acquired 36 companies, including several add-on acquisitions, and currently owns 13 platform companies. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. For more information, please visit www.benfordcapital.com.
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
