Byline Sponsor Finance Supports Prospect Partners’ Investment in Warren Roofing

May 9, 2024

Source: Byline Sponsor Finance

Byline Sponsor Finance (“BSF”), a division of Byline Bank, announced that it has provided financing to support Prospect Partners’ recapitalization of Warren Roofing & Insulating, Cleveland Building Restoration (“CBR”), and Total Roofing Services (collectively, “Warren Roofing” or the “Company”). BSF was represented by Duane Morris, LLP.

Founded in 1922 and based in Cleveland, Ohio, Warren Roofing is a leading commercial roofing services platform serving a broad base of customers across Cleveland and Northeast Ohio. The Company’s service offerings include repair and preventative maintenance, re-roofing, and new-roofing installation as well as complementary services that include masonry repair and building restoration, sheet metal installation, glazing and more. For more information, visit warrenroofing.com.

“Byline Sponsor Finance is excited to partner with Prospect Partners in another strong investment opportunity,” said Sunay Salievski, Director of Byline Sponsor Finance. “Warren Roofing’s longstanding history and market-leading position in the commercial roofing market, coupled with the leadership and experience from Prospect Partners, provides a strong platform for growth.”

About Byline Sponsor Finance
Byline Sponsor Finance, with offices in Chicago and Charlotte, North Carolina, 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 bylinebank.com/sponsor-finance.

About Prospect Partners
Founded in 1998, Prospect Partners is a Chicago-based private equity firm focused on investing in entrepreneur-led businesses in the pre-middle market. Since inception, Prospect Partners has acquired over 57 platform companies and conducted more than 120 add-on investments. Areas of focus include specialty services, niche manufacturing, and value-added distribution. For more information, please visit www.prospect-partners.com.


For more information, please contact the Byline Sponsor Finance team:

Jim Kuncl
Managing Director & Group Head
(312) 660-5751

Sunay Salievski
Director
(312) 460-3723

Dan Bresnahan
Vice President
(312) 660-5785

Wesley Oakford
Vice President
(203) 858-2403

Luke Kohler
Vice President
(502) 396-0140