TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $7 million of secured financing to support the acquisition of Ascent Aviation Services Corporation (“Ascent” or the “Company”) by LongueVue Capital Partners II, LP.                        

Based in Tucson, Arizona, Ascent is a Federal Aviation Administration licensed provider of maintenance, repair, and overhaul (“MRO”) services for multiple platforms of aircraft. Ascent specializes in heavy maintenance, teardown, storage, and line maintenance services.  The Company’s facilities are located at Tucson International Airport. 

"We are pleased to partner with the Ascent and LongueVue," said TCF Capital Funding Senior Vice President Thomas Karle. "We look forward to supporting the Company as it goes through its next stage of expansion.”

LongueVue Capital is a private equity group focused on making value-oriented equity and debt investments in lower middle market companies to support buy-outs, recapitalizations, acquisitions, and growth. Since its formation in 2001, LVC has made successful investments in a wide variety of industries.  LVC is based in New Orleans with additional offices in New York and Salt Lake City.

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.