Wexford, PA – Confluence Advisors, LLC (“Confluence”) is pleased to announce that Chrislynn Energy Services, Inc. (“Chrislynn” or the “Company”) has completed a shareholder recapitalization transaction. Based in Pittsburgh, PA, Chrislynn is a leading energy management consulting firm serving businesses throughout the United States.
Confluence served as exclusive financial advisor in the placement of a financing package which enabled Chrislynn to buyout certain shareholders, refinance existing indebtedness and generate additional liquidity for growth. Byline Bank provided the credit facilities. Confluence's experience in identifying the lender and running an expedited financing process resulted in a solution for the Company.
About Chrislynn Energy Services, Inc.
Founded in 1986, Chrislynn has helped its clients save millions in energy costs over its history. The Company has grown into a leading and reliable partner in the energy industry and is also a Pennsylvania state licensed electric generation supplier for commercial, industrial and governmental entities. In addition, the Company is a PUCO Licensed Retail Service Provider in the state of Ohio.
About Byline Bank
Byline Bancorp, Inc. is a full service commercial bank offering distinct service and a full array of banking products and services to retail and business customers throughout the Midwest and upper-Midwest. Based in Chicago, Byline Bank operates more than 65 locations and has assets of more than $3.2 billion.
About Confluence Advisors
Confluence helps owners maximize the sale of a business or non-core division, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $1.5 billion in transactions, our team works every day to help companies and their stakeholders through critical business transitions.