TCF Capital Funding provided $5.5 million in secured financing to support Salt Creek Capital’s acquisition of Network Distributors. Aldine Capital Partners also contributed mezzanine financing and equity to the transaction.
Network Distributors is a supplier and value-added distributor of critical communications networking components. Founded in 2001, the company sources, configures and sells new, third-party optical transceivers for use in internet switches, routers and networking systems. Network Distributors also sells memory and fiber optics parts as after-market replacements and upgrades for more than 20 brands and 80 different platforms of networking equipment.
“We are excited to partner with Salt Creek and Network Distributors. Founder Jayson Coylar has established the company’s strong value proposition through high standards of transceiver testing and configuration services coupled with rapid delivery capabilities. We believe Network Distributor’s partnership with Salt Creek and incoming CEO Rick Pearson will further enhance the company’s core capabilities and drive additional growth,” said Kevin Nowak, TCF Capital Funding senior vice president.