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TCF Capital Funding Provides $5.5MM in Acquisition Financing to Salt Creek Capital

September 11, 2017, 07:04 AM
Filed Under: Mergers & Acquisitions

TCF Capital Funding, a division of TCF National Bank, which is a subsidiary of TCF Financial Corporation, announced that it provided $5,500,000 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 leading 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 over 20 brands and 80 different platforms of networking equipment.

“We are excited to partner with Salt Creek and Network Distributors. Jayson Coylar (founder) 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 Rick Pearson (incoming CEO) will further enhance the Company’s core capabilities and drive additional growth,” said Kevin Nowak, TCF Capital Funding Senior Vice President.

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