Byline Bank’s Sponsor Finance Group (BSFG), the cash flow lending division of Chicago-based Byline Bank, provided revolver and term credit facilities to finance Salt Creek Capital’s investment in Sound Building Supply (SBS). Spell Capital Mezzanine Partners provided subordinated debt and equity.
Headquartered in Renton, WA, SBS manufactures and distributes metal flashing, roofing and construction products. The company sells its products to roofing distribution companies located in Washington, Oregon and Alaska.
Salt Creek is a private equity firm that partners with operating executives to acquire profitable lower middle market businesses across the U.S.
“SBS is well respected in their Pacific Northwest market for providing quality products and excellent customer service. We value the executive level resources that Salt Creek brings to their portfolio companies and are excited to partner with them and Spell Mezzanine on another great platform investment,” said Dan Delgadillo, senior vice president of Byline Bank’s Sponsor Finance Group.
BSFG was represented by Duane Morris on the transaction.
