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TCF Capital Funding Supports Acquisition of Auer Automotive

February 09, 2018, 07:13 AM
Filed Under: Automotive

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided secured financing to support Superior Capital Partners and Rostra Precision Controls, Inc. (Rostra) in their acquisition of Auer Automotive (Auer).

Through its OEM/Port, Commercial/Fleet and 12-volt Automotive Accessories business, Rostra is a leading 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.  Rostra’s Vehicle Safety Manufacturing Division is the nation’s leading supplier of turn signal switches to the heavy duty vehicle market and also a supplier of lighting products for heavy duty trucks, trailers and buses.   

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. We are excited about the transition and look forward to supporting Superior and the management team as they continue to grow the business” said TCF Capital Funding Assistant Vice President Nick O’Brien.

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