Public Company Financial Services

Byline Bank

Chicago, Illinois, United States

Community bank rooted in Chicago serving people, businesses, and neighborhoods, offering practical lending and deposit/financial services. Byline also operates a sponsor finance division that provides senior secured lending to PE-backed transactions.

Focus Areas
Commercial banking, Sponsor finance
Website
bylinebank.com

Tracked deals

5

5 tracked deals across 2019-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout · 1 growth capital · 1 recapitalization

Byline Bank Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Byline Bank. 1 2019 1 2020 1 2021 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Byline Bancorp
    Target
    Illinois State Bancorp, First Nations Bank, The Bank of Bourbonnais
    Type
    Buyout

    Byline Bancorp agreed to acquire Illinois State Bancorp in a cash-and-stock transaction valued at approximately $87.9 million. Following the deal, Illinois State Bancorp and its wholly owned banking subsidiaries will merge with Byline, expanding Byline’s presence across the Chicago market.

  • Buyer
    Byline Sponsor Finance (division of Byline Bank), Midwest Mezzanine Funds, North Branch Capital
    Target
    Diversified Fall Protection, LLC

    Byline Sponsor Finance (a division of Byline Bank) provided financing to Diversified Fall Protection, LLC, North Branch Capital’s existing portfolio company, to support a recapitalization/refinance. Midwest Mezzanine Funds also provided subordinated debt for the transaction.

  • Buyer
    Taglich Private Equity, LLC, Farragut Capital Partners, Inc., Byline Bank Sponsor Finance (BSF)
    Target
    Air Flow Research Heads, LLC
    Industry
    Automotive
    Type
    Buyout

    Taglich Private Equity has acquired Air Flow Research Heads (AFR), a Valencia, California-based maker of performance aftermarket cylinder heads and intake manifolds. Farragut Capital Partners provided mezzanine debt and an equity co-investment to support the acquisition, and Byline Bank's Sponsor Finance group provided senior financing.

  • Buyer
    Lometa Capital Partners, Aldine Capital Partners, Quabbin Capital, Byline Bank
    Target
    Applied Business Software, Inc. (The Mortgage Office)
    Industry
    Software

    Lometa Capital Partners led a strategic growth investment in Applied Business Software, Inc. (The Mortgage Office) in November 2020, with participation/support from Aldine Capital Partners, Quabbin Capital and Byline Bank alongside a significant reinvestment by existing management. The capital will be used to accelerate development of ABS's web-based loan servicing platform, expand the development team, and drive expansion into markets adjacent to its mortgage core.

  • Buyer
    Strength Capital Partners, LLC, Midwest Mezzanine, Northcreek Mezzanine, Byline Bank
    Target
    CALco Pallet Company
    Seller
    Matt Calhoun, Greg Calhoun
    Industry
    Manufacturing
    Type
    Buyout

    Strength Capital Partners has made an investment in CALco Pallet Company, a vertically integrated wooden pallet manufacturer headquartered in Richmond, Illinois. Midwest Mezzanine participated with subordinated debt and equity and financing partners included Byline Bank and Northcreek Mezzanine; the deal establishes CALco as a PE-backed platform for Strength's buy-and-build consolidation strategy with founders Matt and Greg Calhoun remaining in leadership.

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