TCF Capital Funding announced that it provided $9.5 million of secured financing to support the recapitalization of Hydro Operating, LLC d/b/a Hydro Engineering.  

Headquartered in Norwood Young America, MN, Hydro Engineering is a manufacturer of manure injection, water transfer, municipal equipment and accessories, which are distributed throughout the United States and exported to a number of foreign countries. Hydro’s irrigation division offers a complete package to their customers through installation, service, and sales pivot irrigation systems, high capacity wells, and pumping equipment. All while continuing to work as a general contractor specializing in the installation of complete wastewater treatment systems for municipal and commercial applications throughout the entire state of Minnesota and western Wisconsin.

“Hydro offers a diverse portfolio of both products and services.  They are leaders in their niche markets offering their customers decades of customized application engineering solutions.  We are excited to partner with the Hydro Engineering ownership team and look forward to helping them grow the Company into the future,” said TCF Capital Funding Senior Vice President Thomas Karle.

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.