TCF Capital has provided funding to back Tregaron Capital’s recapitalization of Boise, Idaho-based Cutting Edge Services, a provider of landscape services. No financial terms were disclosed. TCF Capital is a division of TCF National Bank.
PRESS RELEASE
DETROIT, Michigan – TCF Capital Funding, a division of TCF National Bank, today announced that it provided secured financing to support Tregaron Capital (Tregaron) in its recapitalization of Cutting Edge Services.
Headquartered in Boise, Idaho, Cutting Edge provides commercial landscape maintenance, landscape design and installation, snow removal, and asphalt and parking lot repair services across the U.S Intermountain Region.
Cutting Edge has built a reputation as the premier provider of landscape services in Idaho and continues to expand its services throughout the Intermountain Region,” said Kevin Nowak, senior vice president at TCF Capital Funding. “We are pleased to provide secured financing to support Tregaron’s recapitalization of Cutting Edge and to support the company’s continued growth.”
About Tregaron Capital: Based in Palo Alto, CA, Tregaron Capital is a private equity firm focused on investing equity and mezzanine debt in small to mid-size companies with EBITDA from $1 and $4 million. Tregaron is currently investing out of its second fund, a $100 million fund raised in 2014. Tregaron takes a hands-on, operationally focused investment approach and targets industry segments where the firm’s partners have deep expertise, including business services, information and data services, mature software and technology, niche manufacturing and franchising.
About TCF Capital Funding: TCF Capital Funding is a national provider of cash flow-based loans to lower middle market businesses with typically $10 to $150 million in revenue and between $2 million and $15 million in EBITDA. Additionally, TCF Capital Funding focuses on supporting private equity sponsors and family offices in their acquisition or recapitalization of these lower middle market companies. To learn more about TCF Capital Funding, visit tcfbank.com/commercial/structured-finance/capital-funding.
About TCF: TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $50 billion in total assets at June 30, 2020 and a top 10 deposit market share in the Midwest. TCF’s primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 475 branches primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. To learn more about TCF, visit ir.tcfbank.com.
