TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided $20.5 million of secured financing to support the acquisition of Superwinch Holding LLC (“Superwinch” or the “Company”) by New York-based private equity firm, Kinderhook Industries.  

Headquartered in Dayville, CT, Superwinch is the largest privately held winch manufacturer in the world. The company markets to both consumer and industrial customers through a diverse array of product offerings that include electric winches, hydraulic winches, power drives, accessories, parts and hubs. The company’s winches have an outstanding reputation in the marketplace for their superior design, reliability and value proposition and have established a loyal following among off-road enthusiasts and industrial OEMs alike.

“Kinderhook has significant experience investing in automotive aftermarket companies.  This acquisition represents Kinderhook’s 7th automotive aftermarket platform investment along with a number of additional add-on acquisitions in the automotive aftermarket sector.  We are excited to once again partner with the Kinderhook team and look forward to helping them grow Superwinch,” 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.