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TCF Capital Funding Provides $12.5MM in Financing to Support Recap of Comstar Technologies

October 18, 2017, 08:01 AM
Filed Under: Technology

TCF Capital Funding announced that it provided $12,500,000 in secured financing to support Wincove Private Holding’s recapitalization of Comstar Technologies, LLC (“Comstar” or the “Company”). As part of the transaction, Wincove partnered with Comstar’s President to sponsor an ownership buy-in for key members of the Company’s management, and invested capital for future growth.

Headquartered in West Chester, PA, Comstar is a full-service provider of technology and telecommunications services to corporate and institutional customers. The Company’s services include cloud-based VOIP (voice-over internet protocol) phone systems, the installation and maintenance of traditional phone systems, managed IT services, network infrastructure and cabling, and the integration of security, fire and A/V systems. Comstar’s mission is to be a customer service-oriented “one-stop shop” for the evolving technology needs of small- and medium-sized enterprises. For more information about Comstar, please visit www.comstar-usa.com.

“Comstar’s comprehensive product and service offering differentiates it from competitors that can only provide one or two services.  We are excited to further expand our relationship with Wincove, and support Comstar as it continues to grow organically and through strategic acquisitions” said TCF Capital Funding Senior Vice President Ed Ryczek.
 







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