Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support North Branch Capital’s (“NBC”) recapitalization of STARC Systems (“STARC” or “Company”). BSF was represented by Duane Morris, LLP.
Headquartered in Brunswick, Maine, STARC Systems is a designer and manufacturer of reusable, modular wall systems used during occupied renovations in diversified markets, such as healthcare, offices, airports, data centers and life sciences. STARC containment systems are engineered to limit the disruption of commercial renovation, including dust mitigation, noise abatement and other challenges.
“We’re excited to partner with North Branch on another platform investment. STARC is a leader in developing innovative products that meet strict standards and deliver novel solutions,” said Jim Kuncl, Managing Director of Byline Sponsor Finance. “The company has built an emerging market with a strong value proposition that is poised for continued growth.”
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 North Branch Capital
Founded in 2014, North Branch Capital is a lower middle market private equity firm, based in Oak Brook, Illinois, with a long history of investing alongside and partnering with management teams in industrial businesses. NBC brings 90 years of collective operating experience and works in direct collaboration with management teams, not a network of executives or consultants. NBC invests in niche manufacturers, industrial and residential services providers, and value-added distributors with revenues of $10-75 million. For more information, please visit www.northbranchcap.com.
For more information, please contact:
Dan Bresnahan
Business Development, Byline Sponsor Finance
(312) 660-5785
Wes Oakford
Vice President, Byline Sponsor Finance
(203) 858-2403
Jim Kuncl
Managing Director, Group Head, Byline Sponsor Finance
(312) 660-5751
