CHICAGO, IL / ACCESSWIRE / January 3, 2024 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $12 million in senior secured credit facilities to support Soundcore Capital Partners' formation of Door & Dock Holdings, LLC ("Door & Dock Holdings") through its investment into both Top Notch Dock & Door and Top Notch Garage Door (collectively "Top Notch") and Premier Overhead Doors ("Premier").

Both Top Notch and Premier are located in Oakwood, GA, and serve customers in the growing Atlanta metro and Interstate 85 corridors. Top Notch was founded nearly 15 years ago by Derek Baker and Premier was founded nearly five years ago by Brandon Blum. Both Derek and Brandon, as well as all of their employees, will remain with the business post investment.

Top Notch and Premier are leading providers of commercial overhead garage door, dock leveler, and access control installation, repair, and maintenance services. Top Notch also provides installation, repair, and maintenance services to select residential customers and institutional investors within the single-family rental market.

"We are excited to support Soundcore Capital Partners on another platform investment. Top Notch and Premier are regional market leaders with long successful operating histories. Door & Dock Holdings provides a strong foundation for future acquisitions," said Nick O'Brien, Vice President, O2 Sponsor Finance.

About Door & Dock Holdings: Door & Dock Holdings was created in 2023 as a platform to invest initially in Top Notch and Premier. Top Notch and Premier are leading providers of overhead door, dock leveler, and access control installation, repair, and maintenance services for both commercial and residential customers. Door & Dock Holdings is focused on high growth MSA's across the Southeast and broader United States, with an initial focus in Georgia. For more information, please visit: www.topnotchgaragedoor.com, www.topnotchdockanddoor.com, and www.premierohd.com

About Soundcore Capital Partners: Soundcore Capital Partners was founded in 2015 by Jarrett Turner and is based in New York, NY. Soundcore is a thesis-driven private equity firm that specializes in buy-and-build investments in the lower middle-market that are headquartered in the United States and Canada. Soundcore has completed 86 acquisitions across eleven platforms and focuses primarily on business & outsourced services, industrial services, specialty manufacturing and value-added distribution sectors. For more information, please visit: www.soundcorecap.com

About O2 Sponsor Finance: O2 Sponsor Finance is a national provider of cash flow-based loans to lower middle market businesses with typically $10 to $100 million in revenue and between $2 million and $10 million in EBITDA. O2 Sponsor Finance focuses on supporting private equity sponsors, independent sponsors and family offices in their acquisition or recapitalization of lower middle market companies. For more information, please visit www.O2sponsorfinance.com.

About Old Second Bancorp, Inc.: Old Second Bancorp, Inc., headquartered in Aurora, Illinois, is the bank holding company for Old Second National Bank, which celebrated 150 years of operation in 2021. Old Second's common stock trades on The NASDAQ Stock Market under the symbol "OSBC". More information about Old Second is available by visiting the "Investor Relations" section of its website www.oldsecond.com.

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, 2023, Old Second has approximately $5.8 billion in assets, $4.6 billion in deposits and $4.0 billion in loans.

Contact:

Brad Adams
630-906-5484

SOURCE: Old Second Bancorp Inc.