TCF Capital Funding provided senior secured financing to support River Associates Investments’ acquisition of Quikserv.
Founded in 1986 and based in Houston, Quikserv designs and manufactures transaction window and drawer systems including drive-thru/pass-thru window and drawer systems, ticket windows, security windows and drawers and commercial transaction window and drawer systems. The company’s products are used in restaurants, pharmacies, convenience stores, schools and banks.
“Working with clients for whom so many generate a majority of their daily sales volume through automated transaction window and drawer systems, Quikserv’s focus on quality, service and product development has helped make it the leader in the restaurant space. TCF is pleased to provide the financing to assist Quikserv in reaching that same status across all the markets it serves,” said Scott Nielsen, vice president of TCF Capital Funding.
River Associates is a private equity firm that focuses exclusively on investing in the lower middle market and has partnered closely with management teams for more than 28 years. Target businesses can be privately-held, private equity-backed or divestitures from larger companies.
