TCF Capital Funding (TCFCF), a division of TCF National Bank, announced that it provided secured financing to support the refinancing of Dubin Clark Company portfolio company, Restoration Parts Group, Inc., and its acquisition of Auto Accessories of America, Inc. d/b/a Corvette America. Headquartered in Reedsville, PA, Corvette America is one of the leading manufactures in the world of Corvette parts and accessories.
RPUI is based in Lebanon (Cincinnati), OH, and focuses on selling restoration parts and accessories to dealers serving automotive restoration enthusiasts. The RPUI Group of companies includes seven leading automotive restoration brands: Trim Parts, Parts Unlimited Interiors, The Right Stuff Detailing, SoffSeal, First Place Auto Products, Mr. Mustang, and Corvette America.
“Dubin Clark has significant experience in the automotive aftermarket space, and we are excited to support RPUI as it expands its product offering with a very iconic brand,” said TCF Capital Funding Senior Vice President Edward Ryczek.
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 and between $2 million and $10 million in EBITDA.