Daily News: January 29, 2013

TCF Capital Provides Financing to Support Linx Acquisition


TCF Capital Funding, the Chicago-based leveraged finance division of TCF National Bank, announced that it provided $13.5 million in senior secured credit facilities to support the acquisition of Gullett and Associates by Linx Partners and management.

“We have developed a great relationship with the Linx team,” said Joe Gaffigan, president of TCFCF. “The Linx team has a proven track record and we are excited to be the senior debt provider for their acquisition of Gullett.”

Linx Partners is a lower middle market private equity firm that partners with family and entrepreneur-led, industrial businesses. Linx invested in Gullet & Associates, Inc. through its second fund.

Houston, TX-based Gullett is a service provider of pipeline surveying, right-of-way acquisition and drafting to the oil and gas industry and municipalities.