TCF Capital Funding has provided the financing to support the refinancing of Restoration Parts Group, a portfolio company of Dubin Clark, and its July 2014 acquisition of The Right Stuff Detailing.
Restoration Parts is a platform company owned by Dubin Clark to aggregate manufacturers of classic automotive restoration parts and accessories. Restoration Parts and owns four automotive restoration brands: Trim Parts, Parts Unlimited Interiors, SoffSeal, and The Right Stuff Detailing. Together these brands manufacture and distribute classic automotive restoration parts and accessories, including custom molded carpet, emblems, lenses, trim, door handles, seats & seat covers, weatherstripping, disc brake conversions, brake lines, and fuel lines. Restoration Parts is the largest General Motors-licensed restoration parts manufacturer and holds licenses with both General Motors and Chrysler. The company is headquartered near Cincinnati in Lebanon, OH. Web sites for RPG companies include www.trimparts.com, www.puiinteriors.com, www.soffseal.com, and www.getdiscbrakes.com.
“Dubin Clark has significant experience in the automotive aftermarket space, and we are excited to support its investment in RPG during its next phase of growth,” said TCF Capital Funding Senior Vice President Edward Ryczek.
Dubin Clark seeks to acquire manufacturing, value-added distribution, and service companies with $10 million to $100 million in revenues and at least $2 million of EBITDA. The firm was founded in 1984 and is based in Greenwich, CT (www.dubinclark.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 based just outside of Chicago in Burr Ridge, IL (www.tcfcapitalfunding.com). TCF Capital Funding is the cash flow and asset-based lending division of TCF National Bank, a wholly-owned subsidiary of TCF Financial Corporation (NYSE: TCB), a Wayzata, MN-based national bank holding company (www.tcfbank.com).
2014 PEPD • Private Equity’s Leading News Magazine • 10-20-14
