News

Senior Debt Financing Provided to Team Laboratory Chemical, LLC

3/24/20
Featured Transaction

Denver, CO (March 24, 2020) – Sunflower Bank, N.A. is pleased to announce it provided revolving and term debt commitments in connection with an investment in Team Laboratory Chemical, LLC (“Team Lab”).  Sunflower Bank partnered with Team Lab’s management team, Lightspring Capital Partners and Plexus Capital to support the future growth of Team Lab.

“We’re pleased to be working with Team Lab, Lightspring and Plexus to meet the company’s debt financing needs,” said David Harper, managing director of Leveraged Finance at Sunflower Bank.  “We have enjoyed long-term relationships with both Lightspring and Plexus and are excited about the growth opportunities available to Team Lab.”

Team Lab logoTerry Maier, president of Team Lab, remarked “We are proud of Team Lab’s track record of providing innovative products and exemplary service to its customers and look forward to continuing our growth under this new partnership.”

Harper is responsible for identifying prospective leveraged finance and other corporate banking opportunities for Sunflower Bank. His career has included leadership roles in investment banking, private equity, operating companies, and commercial banking. He has been involved in more than 75 corporate finance transactions including M&A, private placements, public offerings, restructurings and cross-border opportunities. Sunflower Bank’s Structured Finance Group launched in June 2018 bringing together a team of experienced industry leaders to provide corporate finance services to clients and prospects with borrowing needs of $5 million to $20 million or more.

Team Lab offers a suite of products and supplies for paved road surface construction and maintenance, wastewater and pool treatment, turf care, building surfaces and floors, and boiler systems.  The Company’s flagship product is its BASE ONE® product, a patented aggregate base stabilizer for road structures that improves road strength and stability and reduces maintenance costs.  BASE ONE® is used in new construction, reconstruction, full-depth reclamation, stabilization and chip & seal applications.  Team Lab sells its products to cities, counties, municipalities, schools, hospitals, construction companies, and other commercial businesses.

About Sunflower Bank

Operating as Sunflower Bank, First National 1870 and Guardian Mortgage, Sunflower Bank, N.A. provides financial solutions to the individual communities it serves. With approximately $4 billion in assets as of December 31, 2019, headquarters in Denver, bank locations in six states, and mortgage capabilities in more than 40 states, Sunflower Bank, N.A. provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives. Member FDIC. Equal Housing Lender. First National 1870 and Guardian Mortgage are divisions of Sunflower Bank, N.A.

Media Contact: Jeanne Lipson
VP, Marketing Manager
915.881.6785 | Jeanne.Lipson@SunflowerBank.com