TCF Capital Funding provided $6.35 million in secured financing to support Muirlands Capital and Centerfield Capital Partners in their acquisition of California Medical Evaluators (CME).

Los Angeles-based CME is a provider of qualified medical examination, independent medical examination and medical expert services for the legal and insurance industries.

“We are excited to partner with Muirlands Capital and Centerfield Capital Partners to support their investment in CME. Dr. Gabor Vari and CME’s management team have positioned the company as a provider of superior services in the QME/IME market, which continues to attract a growing number of quality physicians. We believe the partnership among CME, Muirlands Capital and Centerfield Capital Partners will enhance the company’s efforts to expand its geographic presence and its offering of services,” said Kevin Nowak, TCF Capital Funding senior vice president.

TCF Capital Funding provided $11.25 million in secured financing in connection with Corridor Capital’s investment in Indo~European Foods. Centerfield Capital Partners, a mezzanine debt and equity investor, participated with Corridor in supporting Indo~European.

For nearly 40 years, Glendale, CA-based Indo~European has provided specialty and gourmet Eastern European, Mediterranean, North African and South Asian foods to independent, ethnic grocers in the Western U.S. and select national food wholesalers and retailers.

“We are excited to partner with Indo~European, Corridor and Centerfield. Through an extensive knowledge of and passion for ethnic and specialty foods, the Indo~European management team has proven its ability to consistently meet the needs of its customers in the evolving specialty foods market. We believe the partnership between the company’s management and Corridor will allow Indo~European to enhance its value to customers and expand its product and service offerings,” said Kevin Nowak, TCF Capital Funding SVP.

TCF Capital Funding, a division of TCF National Bank, provided $24 million in secured financing to support Prospect Partners in a dividend recapitalization of Owen Equipment.

Headquartered in Portland, OR, Owen Equipment is an environmental maintenance equipment company in the Western U.S. and the exclusive distributor for Federal Signal Corporation’s Vactor and Elgin product lines in Oregon, Washington, Northern California and select counties in Idaho and Nevada.

“Earl Rose, the management team and Prospect Partners have consistently outperformed expectations. We are excited to expand our relationship with Owen Equipment and look forward to supporting the collective team for many more years,” said TCF Capital Funding Senior Vice President KC Beuker.

Chicago-based Prospect Partners is a lower-middle-market private equity firm based focused exclusively on management-led leveraged recapitalizations and acquisitions of small companies with niche strategies.

TCF Capital Funding provided $16 million in secured financing to support KCB Private Equity and Hilltop Private Equity in their acquisition of Spiral Binding.

The existing shareholders of Spiral will remain as substantial investors in the company, while additional mezzanine debt was provided by QS Capital Strategies.

Headquartered in Totowa, NJ, Spiral has an 85-year history and is today a leading manufacturer and worldwide distributor of a diverse line of print finishing, graphic arts, and presentation products and services.

Spiral operates six distribution centers nationwide, and has a highly qualified team of professionals to provide solutions to match any area of need regarding equipment and supplies relating to binding, laminating, paper handling, photo finishing and custom imprinting services.

“Spiral has differentiated itself within a mature industry and consistently demonstrated an ability to maintain its core markets while achieving growth through diversification into ancillary markets,” said Scott Nielsen, TCF Capital Funding vice president. “Hilltop and KCB conducted valuable due diligence to prove out the attractive aspects of both the market segment and Spiral’s position within it, and we are delighted to have participated in this transaction.”

TCF Capital Funding provides cash flow and asset-based lending to lower middle market businesses.

TCF Capital Funding surpassed $1 billion in commitments. The company promoted Nick O’Brien, Mike Trojanowski and Bob Joyce to assistant vice president and Tasha Gibson to officer.

TCF Capital Funding closed its first deal in late 2012 and has since completed more than 100 transactions with more than $800 million in fundings and more than $1 billion in commitments.

“Passing $1 billion in originations is a great milestone for the team and reflective of years of hard work” said Joe Gaffigan, president of TCF Capital Funding. “It was truly a team effort with a real focus on quality originations and profitable growth. Most importantly we have been able to attract quality, experienced teammates that have brought their energy and many years of experience to the group.”

O’Brien has more than nine years of finance experience and joined TCF in 2015. In addition to being promoted to assistant vice president, he has also been named a relationship manager. At TCF Capital Funding, O’Brien covers private equity sponsors based in Florida, Michigan, Wisconsin, Oregon and Washington. Prior to joining TCF Capital Funding, he was a credit analyst, relationship manager and investment banking associate at Metropolitan Capital.

Trojanowksi brings 10 years of financial analysis and sound business processing experience to TCF Capital Funding. Prior to joining TCF in 2014, Trojanowksi was an associate at AEG Partner/Access Value Investors, a corporate restructuring and private equity firm. His primary responsibilities included strategic planning, corporate turnaround, due diligence and budget development. Prior to joining AEG, he was a financial analyst for The RoomPlace furniture retailer with various responsibilities including financial planning, treasury management and monitoring covenant compliance.

Joyce has more than six years of finance experience and joined TCF in 2015. At TCF Capital Funding, Joyce’s primary responsibilities include screening and underwriting new transactions, as well as monitoring existing portfolio companies. Prior to joining TCF, Joyce was a credit analyst, relationship manager and investment banking analyst at Metropolitan Capital.

Gibson has more than eight years of loan administration and asset management experience. Gibson joined TCF Capital Funding in 2015. Her primary responsibilities include monitoring and maintaining the integrity of loans and collateral and maintaining accuracy in operational procedures. Prior to joining TCF, she worked as a commercial loan portfolio analyst with Draper and Kramer and prior to that as a portfolio analyst with MB Financial.

TCF Capital Funding provided $5.5 million in secured financing to support Salt Creek Capital’s acquisition of Network Distributors. Aldine Capital Partners also contributed mezzanine financing and equity to the transaction.

Network Distributors is a supplier and value-added distributor of critical communications networking components. Founded in 2001, the company sources, configures and sells new, third-party optical transceivers for use in internet switches, routers and networking systems. Network Distributors also sells memory and fiber optics parts as after-market replacements and upgrades for more than 20 brands and 80 different platforms of networking equipment.

“We are excited to partner with Salt Creek and Network Distributors. Founder Jayson Coylar has established the company’s strong value proposition through high standards of transceiver testing and configuration services coupled with rapid delivery capabilities. We believe Network Distributor’s partnership with Salt Creek and incoming CEO Rick Pearson will further enhance the company’s core capabilities and drive additional growth,” said Kevin Nowak, TCF Capital Funding senior vice president.

TCF Capital Funding provided financing to support Gemini Investors and Plenary Partners in the recapitalization of Always Best Care.

Roseville, CA-based Always Best Care is a franchisor specializing in senior care. The company provides home care for both non-medical and skilled nursing. It also provides assistance for families seeking assisted living and other residential care communities.

“We are excited about this opportunity to provide senior financing for the recapitalization of Always Best Care. Jake Brown, the Always Best Care Team, Gemini Investors and Plenary Partners have consistently outperformed expectations since the initial closing in April of 2016. The company is well positioned for continued success” said Nick O’Brien, TCF Capital Funding assistant vice president.

TCF Capital Funding provided $12.5 million in secured financing to support Wincove Private Holding’s recapitalization of Comstar Technologies. As part of the transaction, Wincove partnered with Comstar’s president to sponsor an ownership buy-in for key members of the company’s management and invested capital for future growth.

West Chester, PA-based Comstar is a provider of technology telecommunications services to corporate and institutional customers.

“Comstar’s comprehensive product and service offering differentiates it from competitors that can only provide one or two services. We are excited to further expand our relationship with Wincove, and support Comstar as it continues to grow organically and through strategic acquisitions” said TCF Capital Funding Senior Vice President Ed Ryczek.

TCF Capital Funding, provided secured financing to support private-equity firm Pfingsten Partners in its acquisition of Lumenier Holdco.

Headquartered in Sarasota, FL, Lumenier is a provider of motors, propellers, antennas, airframes, batteries, electronics and other drone-related components sold under its own brand, Lumenier, as well as other third-party brands.

TCF Capital Funding Senior Vice President K.C. Beuker said, “We are excited to partner with Tim Nilson and Pfingsten Partners to support Pfingsten’s investment in Lumenier. Tim and his team have done a fantastic job positioning Lumenier for continued success and we are thrilled to partner with them and Pfingsten Partners as the company continues to execute its strategic initiatives.”

TCF Capital Funding provided senior secured financing to support Glencoe Capital in its acquisition of Robert Rothschild Farm.

Robert Rothschild Farm, based in Urbana, OH is a provider of gourmet sauces, dips and spreads and will be combined with Cincinnati-based Clearbrook Farms, a fruit-based food manufacturer Glencoe Capital acquired in 2016.

“Both Clearbrook Farms and Robert Rothschild Farm enjoy strong brand recognition in the premium, specialty food market. We are excited to support Glencoe Capital as it expands its food products group through the combination of these two category leaders,” said TCF Capital Funding Senior Vice President Ed Ryczek.

TCF Capital Funding, a subsidiary of TCF Bank, provides cash flow and asset-based lending to lower middle market businesses.

Founded in 1994, Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle market companies.

TCF Capital Funding provided an expanded financing commitment to StyleCraft Home Collection to support its continued growth and a dividend and share buyback facility for its management and private equity shareholders.

Founded in 1968, and managed by the same founding family, Southhaven, MS-based StyleCraft designs and markets home decor products including residential lighting, wall decor, decorative accessories, accent furniture and decorative pieces for the outdoor and garden categories.

“StyleCraft’s unique product development capabilities enable it to quickly meet the needs of a very demanding customer base,” said TCF Capital Funding Senior Vice President Ed Ryczek. “The company has done a remarkable job growing its various product categories in a rapidly changing retail environment, and we are excited to support this growth and expand our ongoing relationship with StyleCraft and Prairie Capital.”

Prairie Capital is a Chicago-based private equity group focused on lower middle market recapitalization or buyout transactions.

TCF Capital Funding, a division of TCF National Bank, provided secured financing to support P4G Capital Management’s investment in Unique Elevator Interiors.

Based in Alameda, CA, UEI manufactures and installs custom elevator interiors for elevator OEMs, general contractors, building owners and property managers. The company specializes in providing durable elevator parts, fixtures, floors and elevator cab panels.

“We are excited to partner with P4G Capital and UEI. Tom Irion and Tim Crawford have built UEI’s strong brand through high service standards [and] we believe UEI’s partnership with P4G Capital will further enhance the company’s core capabilities, allow the company to expand to new geographies on the West Coast and drive additional growth,” said Kevin Nowak, TCF senior vice president.

TCF Capital Funding provided secured financing to support Superior Capital Partners and Rostra Precision Controls in their acquisition of Auer Automotive.

Through its OEM/port, commercial/fleet and 12-volt automotive accessories business, Rostra is a manufacturer of add-on safety, comfort and convenience products including aftermarket cruise control systems, a variety of lighting accessories, parking assistance and obstacle detection systems, exterior vehicle camera systems, lumbar supports and seat heaters.

Headquartered in Jacksonville, FL, Auer Automotive is a supplier of OEM Quality LED daytime running light kits, LED fog light kits, halogen fog light kits and exterior accessory kits.

“The combination of Rostra and Auer is complementary to both companies. The Auer product line fits well inside the Rostra product portfolio and can be another source of growth in the company’s expanding presence in the heavy-duty market,” said TCF Capital Funding Assistant Vice President Nick O’Brien.

TCF Capital Funding provided secured financing to support MFG Partners’ investment in Mail Communications Group (MCG).

“Mail Communications has been a great customer of the bank. We are excited to assist MFG Partners with its recent investment in the company, and look forward to continuing our support of Mail Communications’ growth” said Ed Ryczek, senior vice president of TCF Capital Funding.

MFG Partners is a private equity firm that acquires industrial manufacturing, distribution and service companies in the middle market.

Headquartered in Des Moines, IA, MCG provides omni-channel communication services, including outsourced mail presorting, printing, lettershop and digital communications.

Power Grid Components, a portfolio company of Shorehill Capital, acquired Instrument Transformer Equipment (ITEC). TCF Capital Funding provided senior financing to support the transaction. Other financial terms were not disclosed.

Upon completion of the acquisition, Clinton Gehrmann, president of ITEC, joined the board of directors of Power Grid.

“We are excited to add the associates of ITEC to the Power Grid family. They have worked hard to build high quality products that consistently satisfy their customers’ needs. We are also tremendously excited to expand Power Grid’s product portfolio beyond insulators and look forward to adding additional product categories in the near future. ITEC is exemplary of the types of businesses we seek to add to our platform,” said Shorehill Capital’s Rick McClure.

“The partnership with Power Grid will bring added resources to allow our company to grow and achieve our strategic goals,” Gehrmann said.

Perkins Coie served as legal advisor to Power Grid, while Stephens advised the sellers of ITEC.

Monroe, NC-based ITEC makes dry molded and oil-filled instrument transformers.

TCF Capital Funding hired Sean Morrissey and Amanda Scott as senior associates and Shondolyn Jackson as a collateral analyst.

Morrissey and Scott will be involved in all aspects of screening, due diligence, underwriting and monitoring of leveraged loans to support lower middle market private equity and entrepreneur-owned buyouts, recaps and re-financings.

Prior to joining TCF, Morrissey was an associate at Bank of America Merrill Lynch and an investment analyst at Lubar & Company.

Prior to joining TCF, Scott was an officer at Wintrust Financial, Capital Markets and a credit analyst for the Commercial Bank.

Jackson’s primary responsibilities will include monitoring and maintaining the integrity of loans and collateral and maintaining accuracy in operational procedures.

Prior to joining TCF, Jackson was a portfolio analyst/collateral monitor for MB Financial and a wire transfer administrator.

“By bringing on high quality hires like Sean, Amanda and Shondolyn and expanding our TCF Capital Funding team, we are further prepared to meet the growing needs of our expanding national client base. We are thrilled that they elected to join us,” said Joe Gaffigan, president of TCF Capital Funding.

TCF Capital Funding provided secured financing to support Corridor Capital’s investment in SPM Marketing & Communications.

Headquartered in LaGrange, IL, SPM is a brand advisory and fully integrated marketing services platform focused on hospitals, healthcare systems and the healthcare industry.

Corridor Capital is a Los Angeles-based private equity investment firm that provides capital, operational support and strategic guidance to lower middle-market specialty manufacturing, business services and value-added distribution companies in North America.

“We are excited to provide financing supporting Corridor Capital’s investment in SPM. Through its differentiated and comprehensive marketing services, SPM has built a strong brand within the hospitals and healthcare systems industry. We believe the relationship between the company’s management and Corridor will allow SPM to enhance its value to customers and accelerate the company’s growth opportunities,” said Kevin Nowak, TCF Capital Funding senior vice president.

TCF Capital Funding provided senior secured financing to support River Associates Investments’ acquisition of Quikserv.

Founded in 1986 and based in Houston, Quikserv designs and manufactures transaction window and drawer systems including drive-thru/pass-thru window and drawer systems, ticket windows, security windows and drawers and commercial transaction window and drawer systems. The company’s products are used in restaurants, pharmacies, convenience stores, schools and banks.

“Working with clients for whom so many generate a majority of their daily sales volume through automated transaction window and drawer systems, Quikserv’s focus on quality, service and product development has helped make it the leader in the restaurant space. TCF is pleased to provide the financing to assist Quikserv in reaching that same status across all the markets it serves,” said Scott Nielsen, vice president of TCF Capital Funding.

River Associates is a private equity firm that focuses exclusively on investing in the lower middle market and has partnered closely with management teams for more than 28 years. Target businesses can be privately-held, private equity-backed or divestitures from larger companies.

TCF Capital Funding acted as administrative agent on $14 million in secured financing that will support Clearview Capital’s acquisition of Mudlick Mail.

Headquartered in Acworth, GA, Mudlick Mail provides turnkey, data-driven direct mail and related marketing solutions primarily to small and medium-sized businesses and franchises in a wide variety of consumer services industries, including automotive services, healthcare, and home services businesses. The company provides response tracking, employee training and performance feedback throughout the campaign process as well as post-campaign analytics that help its customers understand a clear return on their investment.

Based in Stamford, CT, Clearview Capital is a private investment firm that invests in and develops lower middle market, North American companies with operating profits of $3 million to $15 million.

“Through their consultative, high-touch approach and scalable technology, Mudlick Mail has found a way to efficiently provide businesses serving local markets with a direct mail marketing solution that normally is only available to much larger businesses,” said TCF Vice President Scott Nielsen.

TCF Capital Funding provided secured financing to support Cathay Capital Private Equity, along with its portfolio company Innovative Office Products, in its acquisition of HAT Contract. In addition to Cathay Capital, the shareholders of Innovative include senior members of management, Norwest Mezzanine Partners and ORIX Mezzanine & Private Equity.

Innovative is a North American designer and manufacturer of office/workspace ergonomic and related products including monitor arms, sit-stand workstations, multi-monitor mounts and desk stands, point-of-sale (POS) mounts and healthcare and specialty OEM mounting solutions.

The company designs, develops and assembles products in the U.S. and sells into multiple markets including corporate offices, retailers, hospitality providers, hospitals and other healthcare providers, and to the government.

Founded in 2013, and based in San Jose, CA, HAT is a North American designer, contract manufacturer and distributor of office ergonomic products including height adjustable tables, power/data beams, drawer pedestals, dividers, work surfaces and electrical components for benching and bases.

“We are excited to provide additional financing to support Cathay Capital’s and Innovative’s strategic plan through the acquisition of HAT,” said Kevin Nowak, TCF Capital Funding senior vice president. “Innovative and HAT have built strong brands by providing quality ergonomic solutions across many markets, and we believe this partnership will result in accelerated global expansion of the company.”