Byline Bank’s Sponsor Finance Group increased revolving and term credit facilities to finance Rhino Assembly’s combination with The Tool House.

Wincove Private Holdings made an initial investment in Rhino Assembly in 2017.

“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.

Duane Morris represented Byline on the transaction.

Headquartered in Chicago, Byline Sponsor Finance Group provides senior secured cash flow loans to private equity backed lower middle market companies throughout the United States, focusing on companies that generate EBITDA between $2 million and $10 million.

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.

Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies.