![]() ![]() A Chicago-based leader in family direct investing, PPC partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The financing of Kenco marks Churchill’s fourth traditional middle market senior loan financing with PPC, and the tenth transaction with PPC across the Churchill platform, including upper middle market, junior capital and equity co-investments. “We are pleased to support Kenco’s new partnership with Pritzker Private Capital, whose successful track record in the services sector positions the Company for further growth and success in the 3PL market.” “Kenco’s successful operating history serving a diversified, blue-chip customer base has driven strong revenue retention and allowed the Company to further increase its market share in the outsourced distribution services space,” said Randy Schwimmer, Senior Managing Director and Co-Head of Senior Lending at Churchill. The Company serves as a critical supply chain partner for customers in the CPG, food and beverage, healthcare, durable goods, retail, industrial and information technology end markets, and generates more than $1 billion in revenue. ![]() Kenco today manages more than 100 distribution facilities comprising 36 million square feet of space, backed by a team of more than 5,000 employees. ![]() New York, NY, January 11, 2023 – Churchill Asset Management (“Churchill”) today announced that it served as Lead Left Arranger for a $385 million first lien credit facility in support of Pritzker Private Capital’s (“PPC”) acquisition of Kenco Logistics (“Kenco” or the “Company”).įounded in Chattanooga in 1950, Kenco provides integrated 3PL supply chain solutions for more than 200 clients across a wide range of industries and verticals, including outsourced distribution and warehouse management, eCommerce fulfillment, transportation management, material handling and automation services. ![]()
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