TCF Capital Funding provided $24.5 million in secured financing to support Knox Capital Holdings in its refinancing of Stancor.
Founded in 1985 and headquartered in Monroe, CT, Stancor designs and manufactures a comprehensive line of electric submersible pumps and controls used in the mining, construction, wastewater and utility sectors.
“Through its patented Oil Minder Control and Pump System and a focus on its niche within the broader ESP market, Stancor continues a long and successful record of supporting its customers with products that combine highly competitive pump efficiency, reliability, ease of operation and low maintenance with minimal power requirements. We are very pleased to assist in the company’s refinancing,” said Scott Nielsen, TCF Capital Funding senior vice president.
