O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided $13,350,000 in senior secured credit facilities to support West Edge Partners acquisition of Dakotaland Autoglass (“DAG” or the “Company”).

DAG is a leading distributor and service provider of aftermarket automotive replacement glass, paint & body equipment. The Company has been a leading supplier to autobody shops and glass installation businesses in the Midwest for over 40 years. DAG operates 12 locations across North Dakota, South Dakota, Minnesota and Iowa, with its main distribution center and headquarters in Sioux Falls, SD.

It is no surprise that many businesses, large and small, experienced significant financial difficulties due to the pandemic in 2020. But despite the massive and unprecedented aid from federal and state government to try and keep businesses afloat, businesses are seeking bankruptcy protection at a rate not seen since the end of the Great Recession. As seen in the latest Polsinelli-TrBK Distress Indices Report for the fourth quarter of 2020, the last three quarters of 2020 showed Chapter 11 filings occurring at the highest rate since 2011.