TCF Capital Funding has provided $13 million of secured financing to support the refinance of United American Security by LaSalle Capital.
“United American Security is a growth platform in the security guard industry, led by an experienced management team, and backed by an excellent sponsor in LaSalle Capital,” said TCF Capital Funding Senior Vice President Jim Kuncl.
United American Security provides security guard services for customers in the manufacturing, industrial, distribution, corporate, retail, hospitality, and gated community segments. Security services include facility patrols, reception services, emergency and alarm response services, loss prevention services, and vehicle inspections. LaSalle Capital first invested in United American Security in April 2010. The company is headquartered in Raleigh, NC (www.unitedamericansecurity.com).
“TCF Capital Funding provided an excellent financing solution and took the time to understand the UAS platform. We look forward to working with them again in the future,” said Nick Christopher of LaSalle Capital.
LaSalle Capital manages two funds totaling over $330 million in capital. The firm makes control investments of between $5 million and $20 million in companies with revenues of $10 million to $100 million and EBITDAs of at least $2 million. Typical enterprise valuations will be from $5 million to $50 million. Sectors of interest include food & beverage, outsourced business services and value-added distribution and manufacturing. LaSalle Capital Group is based in Chicago (www.lasallecapitalgroup.com).
TCF Capital Funding provides asset-based loans and private equity sponsor-backed cash flow loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA. The firm is led by Joseph Gaffigan, President, and is based just outside Chicago in Burr Ridge, IL (www.tcfcapitalfunding.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-23-14
