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TCF Capital Funding Provides $15MM Recap Financing to Kinderhook Industries

February 06, 2017, 07:00 AM
Filed Under: Manufacturing

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF), announced that it provided $15 million in secured financing to support Kinderhook Industries, LLC in their recapitalization of NitroFill, LLC.

Headquartered in Pompano Beach, FL, NitroFill is a leading developer and marketer of patented nitrogen generation and inflation systems for passenger and truck tires as well as related tire warranties, customer benefit programs and reseller customer retention programs. NitroFill’s flagship product offering is a Tire Protection Plan program, sold primarily to and through new car dealerships, leveraging the Company’s patented nitrogen tire inflation product and unique product warranty, which includes: tire repair and replacement coverage, roadside assistance and other benefits, a comprehensive CRM solution to increase customer traffic and tire and service sales while providing significant value to end user consumers. For more information please visit

“We look forward to helping Kinderhook in partnership with CEO Jay Lighter, to continue NitroFill’s growth and deepen their market penetration.  Kinderhook has an impressive history investing in the automotive aftermarket given that this is their 38th automotive related transaction,” said TCF Capital Funding, Senior Vice President Thom Karle.

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