Daily News: June 5, 2013

Cole Taylor Announces $14 Million ABL Facility for Transaxle

Cole Taylor Business Capital announced the funding of a new $14 million credit facility for Transaxle LLC, headquartered in Cinnaminson, NJ. Proceeds of the new credit facility were used to refinance existing debt and support ongoing working capital needs.

Transaxle is a portfolio company of Graham Partners, a private equity firm located in Newtown Square, PA, which invests in middle market industrial and manufacturing-related companies serving a diverse range of end markets.

With more than 20 locations throughout the eastern U.S., Transaxle is a remanufacturer of transmissions, differentials, hydraulic pumps and other specialized components for medium and heavy duty trucks, as well as off-highway equipment.