:https://www.accesswire.com/631952/Old-Second-Bancorp-Inc-Provides-Credit-Facilities-to-Soundcore-Capital-Partners-for-Formation-of-Door-Dock-Holdings

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O2 Sponsor Finance, a division of Old Second National Bank, Announces Support of Soundcore Capital Partners’ Formation of Door & Dock Holdings
CHICAGO, IL / ACCESSWIRE / January 3, 2024 – O2 Sponsor Finance, a subsidiary of Old Second National Bank, recently declared that they provided $12 million in senior secured credit facilities for Soundcore Capital Partners’ initiation of Door & Dock Holdings, LLC (“Door & Dock Holdings”). The capital was invested into Top Notch Dock & Door and Top Notch Garage Door (collectively “Top Notch”), as well as Premier Overhead Doors (“Premier”).

Servicing Growing Atlanta Communities: Both Top Notch and Premier are based in Oakwood, GA, and are catering to the expanding Atlanta metro and Interstate 85 corridors. Derek Baker created Top Notch 15 years ago and Brandon Blum set up Premier 5 years ago. Both company leaders, as well as their employees, will remain with Door & Dock Holdings following the investment.

High-Quality Door & Dock Solutions: Highly reputable in the industry, Top Notch and Premier are known for their superior standard of commercial overhead garage door, dock leveler, and access control installation, repair, and maintenance services. As well as serving commercial customers, Top Notch also provides services to residential customers and single-family rental market investors.

Nick O’Brien, Vice President of O2 Sponsor Finance, remarked: “We are thrilled to support Soundcore Capital Partners on this latest platform investment. Top Notch and Premier have already established themselves as major regional players, and Door & Dock Holdings will be the springboard for many more acquisitions.”

About Door & Dock Holdings: Door & Dock Holdings was established in 2023, through investments in Top Notch and Premier. The company provides the local community with expert overhead door, dock leveler, and access control installation, repair, and maintenance services for both residential and commercial customers. Their business plan is to pursue growth in MSA’s across the Southeast, with particular emphasis on Georgia. For more info, please head to www.topnotchgaragedoor.com, www.topnotchdockanddoor.com, and www.premierohd.com.

About Soundcore Capital Partners: New York City based Soundcore Capital Partners was established in 2015 by Jarrett Turner. It is a private equity firm that specializes in buy-and-build investments in the lower middle-market across the US and Canada. Having already merged 86 acquisitions across eleven platforms, Soundcore mainly focuses on business & outsourced services, industrial services, specialty manufacturing and value-added distribution. Visit www.soundcorecap.com for more info.

About O2 Sponsor Finance: Dedicated to providing lower middle market firms with cash flow-based loans (typically $10 to $100 million in revenue and $2 million to $10 million in EBITDA), O2 Sponsor Finance offers support to private equity sponsors, independent sponsors and family offices for the acquisition or recapitalization of lower middle market companies. Find out more at www.O2sponsorfinance.com.

About Old Second Bancorp, Inc.: Old Second Bancorp, Inc. is a bank holding company for 150-year-old Old Second National Bank, located in Aurora, Illinois. Its common stock can be found on The NASDAQ Stock Market under the symbol “OSBC”. For additional information, visit the “Investor Relations” section of www.oldsecond.com.

In 2021, Old Second National Bank was rated top bank in Illinois by customers. This survey consisted of over 25,000 US customers, who evaluated banks according to overall satisfaction, trust, terms and conditions, branch services, digital services and financial advice.

As of September 30, 2023, Old Second has $5.8 billion in assets, $4.6 billion in deposits, and $4.0 billion in loans.

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