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TCF Capital Funding Provides $17.5MM to Support Delaney Recapitalization

November 07, 2016, 08:09 AM
Filed Under: Building Supplies

TCF Capital Funding announced that it provided $17.5 million in secured financing to support HCI Equity Partners in its investment in The Delaney Hardware Co. (“Delaney” or the “Company”).

Headquartered in Cumming, GA, and founded in 1992 by Michael O’Bryan, The Delaney Hardware Co. is a designer and value added distributor of high quality locksets, bath accessories, hinges and other builders hardware.  Delaney distributes its proprietary and branded products to both residential and non-residential customers throughout the United States.

“We are excited to partner with Michael O’Bryan and HCI Equity Partners to support HCI’s investment in The Delaney Hardware Co.  Michael and his team have done an excellent job growing the business and we are honored to be involved with them and the HCI team as the company continues to execute on its strategic initiatives” said TCF Capital Funding Senior Vice President KC Beuker.

TCF Capital Funding provides cash flow and asset-based lending to lower middle-market businesses.  National in scope, this senior leveraged lending group focuses on providing private equity sponsor-backed cash flow loans and asset-based loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA. 

HCI Equity Partners is a private equity firm which invests in growth oriented industrial product and service companies. The members of the HCI Equity partner with owners and managers of industrial companies, with a focus on assisting with operational improvements and supporting growth initiatives.

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