Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support WILsquare Capital’s (“WILsquare”) acquisition of Automotive Color & Supply (“ACS” or “Company”), an Indiana-based paint, body and equipment (“PBE”) distributor.
Founded in 1951 and headquartered in Fort Wayne, Indiana, ACS is a family-owned and -operated regional distributor of PBE products for single-store shops, scaled multi-shop owners, and industrial coating servicers and OEMs. The Company maintains a strong presence in Indiana and Illinois and continues to scale in a highly fragmented PBE distributor market.
“We’re happy to partner with WILsquare Capital to support its acquisition of ACS. The Company is a trusted partner in the collision repair space with a value-add business model and incredible legacy spanning several decades. We are excited to support the business in their next phase of growth,” said Jim Kuncl, Managing Director of Byline Sponsor Finance.
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/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:
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
