Daily News: March 30, 2015

TCF Finances Mangrove’s Investment in ReadyLIFT

TCF Capital Funding provided an $8 million facility to support Mangrove Equity Partners’ investment in ReadyLIFT Suspension.

“We are thrilled to partner with Mangrove Equity Partners and the founder and management of ReadyLIFT Suspension. The company has become a market leader in this niche enthusiast aftermarket space. The Company will be well positioned for continued growth given Mangrove’s extensive experience in the automotive aftermarket” said TCF Capital Funding Vice President Dan Delgadillo.

Tampa, Florida-based Mangrove Equity Partners is a lower middle-market private equity firm.

ReadyLIFT Suspension is a designer, distributor and seller of custom forged suspension products for the off-road enthusiast market.