Midwest Mezzanine Funds Logo

Mar 2018

Midwest Mezzanine invests in Connecticut Electric

Headquartered in Anderson, IN, Connecticut Electric designs, manufactures, and markets electrical products such as replacement circuit breakers, manual transfer switches, power outlets and accessories.  Connecticut Electric partners with leading electrical distributors, wholesalers, home improvement retailers, hardware stores, and e-commerce e-tailers to serve electricians and end-users throughout North America.

Midwest Mezzanine partnered with Tecum Capital to provide subordinated debt and equity to support Onward Capital’s acquisition of Connecticut Electric from Thompson Street Capital Partners. Byline Sponsor Finance Group, the cash flow lending division of Byline Bank, provided senior debt financing in support of the recapitalization.

Mar 2018

Midwest Mezzanine invests $8.0 million in CoreMedical Group

Headquartered in Manchester, NH, CoreMedical is a leading healthcare staffing and recruiting agency specializing in travel and permanent placement for nurses, allied health professionals and physicians. With more than 25 years of experience, CoreMedical recruits medical professionals and provides staffing solutions to hospitals and healthcare providers in all 50 states.

Midwest Mezzanine Funds invested $8.0 million of subordinated debt to support Gen Cap America’s acquisition of CoreMedical in partnership with management.