FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Cole Taylor Business Capital Provides $8MM to Double B Foods

February 18, 2014, 07:51 AM

Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of an $8 million facility for Double B Foods, Inc. The company, located in Arlington, TX, is a manufacturer of frozen food appetizers. Products include wraps, dips, and wrapped and rolled food products for casual dining chains, supermarkets, co-packers, schools, and private label. Proceeds of the facility were used to refinance existing debt, fund ongoing working capital and to enhance production capabilities.

Double B Foods is a portfolio company of Atlantic Street Capital Management, LLC, a private equity firm that invests in middle-market companies across the United States and Canada with revenues between $25 million and $150 million. Commenting on the transaction, Peter Shabecoff, Partner at Atlantic Street Capital Management said, “The whole process with Cole Taylor Business Capital has been an absolute pleasure and such a positive experience for us. They were sensitive to the company’s needs and our tight time frame.”

Cole Taylor Business Capital is the asset-based lending division of Cole Taylor Bank, a commercial bank headquartered in Chicago, Illinois. Cole Taylor Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by Cole Taylor Bank.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.