CHERRY HILL, N.J.
Sept. 17, 2012
/PRNewswire/ -- TD Bank, America's Most Convenient Bank
, announced today that their Asset-Based Lending Group has provided
in financing to support the acquisition of Albert Tire Company by Bennett Capital Partners, LLC, and a private investment firm. The credit facilities consist of a
revolver and a
Albert Tire Company is leading wholesale distributor of tires in the Mid-Atlantic region and is headquartered in
West Deptford, N.J.
, Head of Asset Based Lending at TD Bank, commented, "This financing clearly demonstrates TD Bank's appetite to support the middle market private equity community. We are excited about these two groups' vision for this business and look forward to a long and prosperous relationship as their financial partner."
"The TD team has been a pleasure to work with," said
, Managing Partner of Bennett Capital Partners. "Their industry knowledge and business acumen added real value to the deal process. We look forward to growing this business with TD Bank as our financial partner."
's Most Convenient Bank ®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing nearly 8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,299 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and
. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth
, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in
Cherry Hill, N.J.
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TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of
, a top 10 financial services company in
. The Toronto-Dominion Bank is one of the few banks in the world rated Aaa by Moody's and trades on the
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SOURCE TD Bank