Daily News: January 15, 2013

Cole Taylor Provides $5.5MM Facility for ATS Workholding


Cole Taylor Business Capital announced the funding of a $5.5 million facility for ATS Workholding, of Rancho Santa Margarita, CA. ATS is a portfolio company of Los Angeles-based private equity fund Vintage Capital Partners and manufactures, distributes and services workholding and automation accessories for the machine tool industry.

Proceeds of the facility will be used to refinance the company’s existing debt, fund ongoing working capital and pursue growth initiatives.

Cole Taylor Business Capital is the asset-based lending division of Cole Taylor Bank.