Daily News: April 28, 2014

TCF Provides $7MM Financing in Sportdecals Acquisition

TCF Capital Funding, a Chicago-based cash flow and asset-based lending division of TCF National Bank, announced it provided a $7 million secured financing to support the acquisition of Sportdecals Sport and Spirit Products by Chicago-based private equity firm Prospect Partners.

Headquartered in Spring Grove, IL, Sportdecals is a leading designer and embellisher of customized uniforms, spirit wear and decals for the K-12 school sports market. Sportdecals serves as a one-stop shop for its coach, school, and booster club customers’ customized athletic and spirit wear needs, offering in-house design, screen printing, and embroidering for a broad range of team apparel products.

“We are excited to support Prospect Partners’ investment in Sportdecals,” said TCF Capital Funding SVP Ed Ryczek. “The company’s management team has an excellent record of growing sales within its niche market.”