Daily News: June 9, 2014

TCF Capital Finances LongueVue Ascent Acquisition

TCF Capital Funding, the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced it provided $7 million of secured financing to support the acquisition of Ascent Aviation Services by LongueVue Capital Partners II.

Based in Tucson, AZ, Ascent is a Federal Aviation Administration licensed provider of maintenance, repair, and overhaul services for multiple platforms of aircraft. Ascent specializes in heavy maintenance, teardown, storage, and line maintenance services. The company’s facilities are located at Tucson International Airport.

“We are pleased to partner with the Ascent and LongueVue,” said TCF Capital Funding Senior Vice President Thomas Karle. “We look forward to supporting the company as it goes through its next stage of expansion.”