Tower Arch Capital Recapitalizes TD&I Cable Maintenance
August 30, 2023
Tower Arch Capital has completed a recapitalization of TD&I Cable Maintenance, partnering with founders Tim and Debbie Stanke and the company's management team. The investment will support TD&I's geographic expansion across the upper Midwest and investments to enhance service offerings; financing was provided by Zions Bank and Hillcrest Bank and terms were undisclosed.
- Buyers
- Tower Arch Capital
- Targets
- TD&I Cable Maintenance
- Sellers
- Tim Stanke, Debbie Stanke, TD&I management team (Donavin Berg, Jeff Antonuk, Spencer Pannhoff, Carroll Wheaton)
- Industry
- Infrastructure
- Location
- Minnesota, United States
- Transaction Type
- Recapitalization
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