TCF Capital Funding provided $12.5 million in secured financing to support Wincove Private Holding’s recapitalization of Comstar Technologies. As part of the transaction, Wincove partnered with Comstar’s president to sponsor an ownership buy-in for key members of the company’s management and invested capital for future growth.
West Chester, PA-based Comstar is a provider of technology telecommunications services to corporate and institutional customers.
“Comstar’s comprehensive product and service offering differentiates it from competitors that can only provide one or two services. We are excited to further expand our relationship with Wincove, and support Comstar as it continues to grow organically and through strategic acquisitions” said TCF Capital Funding Senior Vice President Ed Ryczek.