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TCFCF Provides $11MM to Support Argosy’s Investment in Nationwide Industries

March 24, 2016, 07:49 AM
Filed Under: Manufacturing

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided $11 million in secured financing to support Argosy Private Equity acquiring a controlling ownership interest in Nationwide Industries.

Headquartered in Tampa, FL, Nationwide is a designer, manufacturer and distributor of fence and gate hardware, patio products and door and window accessories.

“We are excited to support Argosy in their acquisition of Nationwide," said TCF Capital Funding Vice President Scott Nielsen.  "The TCF Capital Funding team is thrilled to provide a financing solution that will support the company's long-term growth and strategic initiatives.”

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. 
Since 1990, Argosy Private Equity has provided experienced management teams with entrepreneurial capital to grow their businesses.  The Argosy team focuses on creating value in their investments – typically lower middle-market business services and manufacturing companies.

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