CHICAGO, IL / ACCESSWIRE / November 21, 2022 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $13,350,000 in senior secured credit facilities to support West Edge Partners acquisition of Dakotaland Autoglass ("DAG" or the "Company").
DAG is a leading distributor and service provider of aftermarket automotive replacement glass, paint & body equipment. The Company has been a leading supplier to autobody shops and glass installation businesses in the Midwest for over 40 years. DAG operates 12 locations across North Dakota, South Dakota, Minnesota and Iowa, with its main distribution center and headquarters in Sioux Falls, SD.
"We are excited that West Edge Partners selected O2 Sponsor Finance as senior lender to support their acquisition of Dakotaland Autoglass. We look forward to supporting DAG's ongoing growth." said Thom Karle, Senior Vice President, O2 Sponsor Finance.
First Capital Partners provided subordinated debt financing and an equity co-investment.
Old Second National Bank, Member FDIC, was recently named number one among "Best Bank in Illinois 2021." This was the second straight year the bank was selected by customers for the award. Awards are determined based on a survey of over 25,000 U.S. customers who rate banks on overall satisfaction as well as trust, terms and conditions, branch services, digital services and financial advice.
As of September 30, 2022, Old Second has approximately $6.0 billion in assets, $5.28 billion in deposits and $3.87 billion in loans.
CONTACT:
Brad Adams
630.906.5484
SOURCE: Old Second Bancorp Inc.
https://www.accesswire.com/727010/O2-Sponsor-Finance-Provides-133MM-Senior-Credit-Facility-to-Support-West-Edge-Partners-Acquisition-of-Dakotaland-Autoglass
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