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TCFCF Provides Financing to Support Gemini, Hermitage Investment

October 06, 2014, 07:44 AM
Filed Under: Distribution

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided financing to support Gemini and Hermitage’s investment in Bonded Filter Co. (“Bonded Filter” or the “Company”).  TCF, Gemini and Hermitage invested in Bonded Filter Co. to accelerate the Company’s growth and national expansion. 

Founded in 1961 and based in Nashville, Tennessee, Bonded Filter is a leading provider of HVAC preventative maintenance products and services. Through its nationwide footprint of service technicians, Bonded Filter provides retail, commercial and industrial customers regularly scheduled air filter replacement, with its highly efficient, patented PleatLink® filtration system, as well as HVAC coil cleaning services.

“We are pleased to partner with Gemini, Hermitage, and the Bonded Filter management team.  The Company has a significant presence across the United States and we look forward to supporting the continued expansion of the Company,” said TCF Capital Funding Senior Vice President Thomas Karle.

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.                          

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