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TCF Capital Funding Provides $13.5MM for Gullet Acquisition

January 29, 2013, 07:09 AM

TCF Capital Funding, the Chicago-based leveraged finance division of TCF National Bank, announced today that it provided $13.5 million in senior secured credit facilities to support the acquisition of Gullett and Associates, Inc. by Linx Partners and management.

Based in Houston, TX, Gullett is a leading service provider of pipeline surveying, right-of-way acquisition and drafting to the oil and gas industry and municipalities.

“We have developed a great relationship with the Linx team,” said Joe Gaffigan, president of TCFCF. “The Linx team has a proven track record and we are excited to be the senior debt provider for their acquisition of Gullett.” Linx Partners, LLC is a lower middle market private equity firm that partners with family and entrepreneur-led, industrial businesses. Linx, with offices in Atlanta and New York, invested in Gullet & Associates, Inc. through its second fund.

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

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