Byline Bank’s Sponsor Finance Group increased revolving and term credit facilities to finance the combination of Wincove’s current investment, Rhino Assembly, with The Tool House.
Wincove Private Holdings made an initial investment in Rhino Assembly in 2017. BSFG was represented by Duane Morris.
Founded in 1986 and headquartered in New Berlin, WI, The Tool House distributes assembly tools and material handling equipment for use in industrial manufacturing applications.
“We are excited to support the combination of two complementary businesses that will expand the combined Company’s geographic reach and end markets served,” said Dan Delgadillo, senior vice president of Byline Sponsor Finance Group.
Byline Sponsor Finance Group, headquartered in Chicago with an office in Atlanta, provides senior secured cash flow loans to private equity-backed lower middle market companies throughout the U.S.