TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided an $8 million facility to support Mangrove Equity Partners’ investment in ReadyLIFT Suspension, Inc., a leading designer, distributor and seller of custom forged, high-quality suspension products for the off-road enthusiastic market.

“We are thrilled to partner with Mangrove Equity Partners and the founder and management of ReadyLIFT Suspension, Inc.  The Company has become a market leader in this niche enthusiast aftermarket space.  The Company will be well positioned for continued growth given Mangrove’s extensive experience in the automotive aftermarket” said TCF Capital Funding Vice President Dan Delgadillo.

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. 

Mangrove Equity Partners, LP is a Tampa, Florida-based lower middle-market private equity firm. Its founding principals have a 40 plus year collective reputation as effective, fair, flexible, and honorable partners to company owners and managers.  From a captive equity fund, Mangrove sponsors owners and operators in management buy-outs, management buy-ins, majority recapitalizations, family succession recaps, and industry consolidations.