FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


TCFCF Increases Facility to $18.5MM to Support UAS Acquisitions

March 02, 2015, 07:46 AM
Filed Under: Security Systems

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided two additional facility increases to its existing secured financing to support United American Security (“UAS”) in its acquisition of Pond Securities, Vector Securities and United National Security. 

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 and vehicle inspections, among others.

"TCF Capital Funding originally supported LaSalle’s portfolio company, United American Security, as a growth platform in the security guard industry.  Part of the original investment thesis included growth through strategic acquisitions, so we’ve been thrilled to be able to support LaSalle and the Company through several accretive transactions.” said TCF Capital Funding Senior Vice President Jim Kuncl.

“TCF Capital Funding has continued to support us beyond its original commitment to the UAS platform.  We look forward to partnering with their team as we continue to grow the company,” said Nick Christopher of LaSalle Capital.  

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

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. 

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.