Daily News: July 14, 2014

TCF Finances Prospect Partners Acquisition

TCF Capital Funding announced it provided a $17 million secured financing to support the acquisition of Owen Equipment by Chicago-based private equity firm, Prospect Partners.

“We are excited to partner with this exceptional management team, and expand our relationship with Prospect Partners,” said TCF Capital Funding Senior Vice President Edward Ryczek.

Portland, OR-based Owen is an
environmental maintenance equipment company in the Western U.S. The company is the exclusive distributor for Federal Signal Corporation’s products and a key regional supplier of Vactor and Elgin product lines in Oregon, Washington, Northern California and select counties in Idaho and Nevada.