TCF Capital Increases Aircraft Propeller Services’ Facility
TCF Capital Funding (TCFCF) announced it increased its financing commitment to $19 million to Aircraft Propeller Services to support its acquisition of new technologies and additional capabilities that will expand the services it provides to its customer base. APS is an existing customer of TCFCF and a current portfolio company of Iron Range Capital Partners.
Lake Zurich, IL-based APS provides aircraft propeller system MRO (maintenance, repair & overhaul) services to the regional, commercial, freight, military and general aviation markets. Founded over 60 years ago, APS has built an excellent reputation for technical capability, quality of work and customer responsiveness.
“We are excited to be able to support an existing customer’s growth plan,” said TCF Capital Funding VP Dan Delgadillo. “We see this as a great opportunity for APS to expand their existing product offering.”