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Cole Taylor Business Capital Announces $5.5MM Funding for ATS Workholding

January 15, 2013, 07:58 AM

Cole Taylor Business Capital announced the funding of a $5.5 million facility for ATS Workholding, Inc., of Rancho Santa Margarita, California. A portfolio company of Los Angeles based private equity fund Vintage Capital Partners, ATS manufactures, distributes, and services workholding and automation accessories for the machine tool industry. Proceeds of the facility will be used to refinance the company’s existing debt, fund ongoing working capital, and pursue growth initiatives.

Cole Taylor Business Capital is the asset based lending division of Cole Taylor Bank, a commercial bank headquartered in Chicago.

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