TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided secured financing to support the acquisition of Lone Star Distribution LLC (Lone Star or the Company) by Chicago-based private equity firm, Sheridan Legacy Group.  

Headquartered in Dallas, TX, Lone Star is a wholesale distributor of sports nutrition and fitness products, including protein powders, sports drinks, creatine, joint and liver support products, muscle enhancers, workout supplements, sleep aids and immune boosters, vitamins, weight loss supplements, and energy boosters.  Lone Star sells to a diverse range of customers including over 5,000 retail locations, vitamin/supplement stores, fitness gyms, smoothie bars and online marketplaces.

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. 

Sheridan Legacy Group focuses on making private equity investments in support of leveraged buyouts, recapitalizations, and large minority financings of lower middle market growth companies across the healthcare and consumer sectors.