Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided additional financing to support Fibrix Filtration (“Fibrix”), a Branford Castle Partners portfolio business, in Fibrix’s acquisition of Americo Manufacturing Company (“Americo”). BSF was the Sole Lead Arranger and Administrative Agent for the facility and represented by Duane Morris, LLP.
Founded in 1969, Americo is a global producer of technical nonwoven floor pads, cleaning accessories, OEM specialty nonwovens, and floor matting, with products that are distributed and sold in over 70 countries worldwide. Americo is recognized for developing innovative products designed for performance and quality, while embracing environmentally sustainable practices. Americo is at the forefront of “green” nonwovens made with 100% recyclable PET fibers and water-based resins.
“We’re pleased to be able to support the Company’s add-on activity with incremental senior financing,” said Dan Delgadillo, Managing Director and Co-Head of Byline Sponsor Finance. “The combination of these two businesses creates a diversified nonwoven manufacturing platform delivering innovative clean solutions for business and home use.”
About Byline Sponsor Finance
Byline Sponsor Finance, with offices in Chicago, IL, and Charlotte, NC, 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/commercial/sponsor-finance.
About Branford Castle Partners
Branford Castle is a private market investor focusing on lower-middle-market investments, with a more than 30-year history of helping to grow businesses. The firm typically makes control investments in companies with less than $15 million of EBITDA and a leadership position in a niche industry. Branford is particularly keen on the strong relationships it develops with its portfolio company managers. Branford has particular expertise in industrials/specialty manufacturing, consumer products, business services and logistics. For more information, please visit www.branfordcastle.com.
For more information please contact:
Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance
[email protected]
(404) 434-4020
Jim Kuncl, Managing Director
Co-Head, Byline Sponsor Finance
[email protected]
(312) 660-5751
