TCF Finances Superior Capital’s RPC Refi
TCF Capital Funding announced it provided $18.5 million of secured financing to support the refinance of Rostra Precision Controls and the add-on acquisition of Vehicle Safety Manufacturing to Rostra’s Accessories Division. Rostra is an existing portfolio company of Detroit-based, Superior Capital
Laurinburg, NC-based Rostra Precision Controls provides a diverse array of automotive powertrain and functional electronic accessory components with applications in the repair, aftermarket, and OEM channels. Newark, NJ-based VSM is a manufacturer of turn-signal switches and lighting products that are sold primarily to the heavy duty market.