TCF Capital Funding provided secured financing to support Branford Castle Partners in its acquisition of Drew Foam Companies.
Founded in 1965, Monticello, AR-based Drew Foam provides custom-fabricated expanded polystyrene foam products serving the packaging, construction and consumer end-markets, primarily in the Southeastern U.S.
“We are excited to assist the Branford Castle team once again, as we partner with a well-established, diversified company with a strong management team. Drew Foam’s strength at providing customized EPS products on a just-in-time basis is unique in the market,” said Thom Karle, TCF Capital Funding senior vice president.
TCF Capital Funding provides cash flow and asset-based lending to lower middle market businesses.
