TCF Capital Funding provided $15 million in secured financing to support Mangrove Equity Partners in its acquisition of Dixie Diamond-Concut Group.

Lilburn, GA-based Dixie Diamond Manufacturing and Kent-WA-based Concut have joined forces to create a combined entity with a national presence. Both are family-owned businesses with long histories in the manufacture of diamond blades, core bits and equipment. Together, they constitute the largest American-owned diamond tool manufacturer in North America.

Dixie Diamond is a manufacturer of consumable diamond blades and diamond core bits for use in road repair, infrastructure and commercial construction.

Concut has manufactured diamond tools and equipment for more than 70 years. It serves local, regional, national and international customers in a variety of industries.