Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Benford Capital Partners’ (“BCP”) recapitalization of BSC Industries (“BSC” or “Company”). BSF was represented by Duane Morris, LLP.
Founded in 1919 and headquartered in Canton, MA, BSC is a value-added distributor and engineered solutions provider of power transmission, bearing, and motion control products primarily sold to highly technical customers in diverse end markets. BSC operates from seven locations across New England.
“With more than a century of history behind the Company, BSC has demonstrated an impressive track record of growth,” said Jim Kuncl, Managing Director of Byline Sponsor Finance. “We look forward to supporting the Benford Team and management as they continue to build upon the Company’s strong position in the market.”
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
Benford Capital Partners is a Chicago-based private equity investment firm exclusively focused on leveraged buyouts and recapitalizations of smaller, lower middle market companies. BCP invests in niche manufacturers, unique service companies, and specialty distributors with revenues of $5-150 million. For more information, please visit, Home – Benford Capital Partners.
For more information, please contact:
Dan Bresnahan
Vice President, 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
