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TCFCF Provides $14.5MM to Support Hygrade Components’ Recap

June 23, 2016, 07:48 AM
Filed Under: Manufacturing

TCF Capital Funding (TCFCF) provided $14.5 million in secured financing to support Wincove Private Holdings, LP in its recapitalization of Hygrade Components (“Hygrade Components” or the “Company”). 

Headquartered in Bethlehem, PA, Hygrade is a leading provider of components used in the manufacture of residential and commercial windows and doors. Hygrade’s products, which include stiffeners, screen frames, muntin bars, spacers and other components, are used to improve the thermal efficiency and enhance the appearance and strength of windows and doors. The Company serves customers throughout the United States and Canada, and operates out of three strategically-located facilities in Pennsylvania, Tennessee and Oregon with over 150,000 square feet of manufacturing space.

“This is our second deal with Wincove this year and we are excited about both platforms.” said TCF Capital Funding Senior Vice President Ed Ryczek. “Hygrade manufactures components that are essential to the window and door industry and we look forward to supporting the Company as it continues to expand its product line.”

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.

Wincove is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon.

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