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TCF Capital Supports P4G Capital UEI Investment

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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 Supports Superior Capital/Rostra Precision Acquisition

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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 Supports MFG Partners in MCG Investment

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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.

TCF Capital Provides Financing to Support Power Grid Acquisition

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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 Hires Three to Support Growth

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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 Supports Corridor SPM Investment

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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 Supports River Associates Acquisition of Quikserv

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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 Supports Clearview Mudlick Mail Acquisition

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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 Supports Cathay Capital Acquisition of HAT Contract

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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.”

TCF Capital Supports Branford Acquisition of Drew Foam

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TCF Capital Funding provided secured financing to support Branford Castle Partners in its acquisition of Drew Foam Companies.

Founded in 1965, Monticello, AR-based Drew Foam provides custom-fabricated expanded polystyrene foam products serving the packaging, construction and consumer end-markets, primarily in the Southeastern U.S.

“We are excited to assist the Branford Castle team once again, as we partner with a well-established, diversified company with a strong management team. Drew Foam’s strength at providing customized EPS products on a just-in-time basis is unique in the market,” said Thom Karle, TCF Capital Funding senior vice president.

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





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