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.