Cole Taylor Business Capital, a division of Cole Taylor Bank, announced the funding of a $10.94 million senior debt facility to Y-T Holdco, LLC in support of its acquisitions of Thorco Holdings, LLC and Young Oil Tools by Y-T Holdco, LLC. Y-T Holdco, LLC is a holding company formed in partnership with the management of Thorco by PCP Management Company, a Tulsa, Oklahoma-based private investment firm, and Imperial Private Equity, a Dallas, Texas-based private investment firm.

Thorco Holdings is based in Tulsa, Oklahoma and is a distributor of pressure control devices, liquid level gauges, analyzers and control valves used to control pressure, liquid levels and flows primarily in the oil and gas industries. Centerfield Capital Partners, an Indianapolis, Indiana-based mezzanine fund, provided subordinated debt and equity co-investments. The Atlanta, Georgia office of Cary Street Partners acted as financial advisor to Y-T Holdco.

Cole Taylor Business Capital is the asset-based lending division of Cole Taylor Bank. 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.