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TCF CF Provides Support to United American Security’s Refinance by LaSalle Capital

April 21, 2014, 07:00 AM
Filed Under: Security Systems

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided a $13 million secured financing to support the refinance of United American Security (“UAS” or the “Company”) by LaSalle Capital. 

Headquartered in Raleigh, NC, United American Security provides a full range of security guard services for a variety of customers in the manufacturing, industrial, distribution, corporate, retail, hospitality, gated community and other related segments. Security services provided include facility patrols, reception services, emergency and alarm response services, loss prevention services, vehicle inspections, among others.

"United American Security is a growth platform in the security guard industry, led by an experienced management team, and backed by an excellent sponsor in LaSalle Capital,” said TCF Capital Funding Senior Vice President Jim Kuncl.

“TCF Capital Funding provided an excellent financing solution and took the time to understand the UAS platform.  We look forward to working with them again in the future,” said Nick Christopher of LaSalle Capital.  

Steve Frost, a 40-year veteran of the industry and President and CEO at UAS commented, "I am very excited to be leading this business. We have assembled a group of highly experienced operators to create a fully integrated organization focused on growth. Our combined operating experience, coupled with the financial resources and buy-and-build expertise of LaSalle Capital, positions us extremely well to create a leading security guard business with American roots."

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.  To learn more about TCF Capital Funding, visit .

LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. The firm manages two funds totaling over $330 million in capital and has deep experience in partnering with management teams to grow and develop small businesses. LaSalle Capital adds value to companies by providing strategic operating focus and promoting growth organically and through acquisitions. 

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