Ares Commercial Finance announced that it has provided a senior secured credit facility to Saylite Holdings LLC and its subsidiaries. Saylite is owned by CORE Industrial Partners, a Chicago-based private equity firm investing in North American middle-market manufacturing and industrial technology businesses. The proceeds will be used to refinance the company’s existing debt and for ongoing working capital to support Saylite’s growth and potential future acquisitions.
Saylite is an innovative LED lighting solutions provider. Founded in 1965 and based in Carrollton, Texas, the company is developing the latest solutions for practical applications, with an engineering staff that bridges the worlds of lighting, construction, design and technology. Saylite products can be found illuminating big retailers, Fortune 500 offices and warehouses, multi-family projects and hotels – and most importantly, thousands of small projects across America.