Pritzker Private Capital invests in Kenco Logistics to accelerate growth and expand Canadian operations

Company

Pritzker Group Private Capital

Company

Kenco Logistics

Law Firm / Organization
Hogan Lovells

On October 6, 2022, Pritzker Private Capital (PPC) announced an agreement to invest in Kenco Logistics, a leading third-party logistics (3PL) provider in North America, including Canada. PPC partnered with Kenco’s management team to provide financial resources and expertise, aiming to scale Kenco’s offerings and strengthen its leadership in the 3PL sector. Founded in 1950 in Chattanooga, Kenco provides integrated 3PL supply chain solutions, serving over 200 clients across various industries including CPG, food and beverage, healthcare, and more. Kenco manages over 100 distribution facilities totaling 36 million square feet and employs more than 5,000 people. The company generates over $1 billion in revenue and is recognized for its operational capabilities and commitment to its community, employees, and customers. PPC plans to support Kenco’s growth strategy, including strategic add-on acquisitions, under the leadership of CEO Denis Reilly. Jane Kennedy Greene, Chairwoman of Kenco’s Board, emphasized the alignment of PPC’s investment with Kenco’s long-term growth and mission. The transaction is expected to be completed in the fourth quarter of 2022, with terms undisclosed. Republic Partners acted as the exclusive financial advisor, and Hogan Lovells LLP served as legal counsel to Kenco. Both PPC and Kenco have substantial business operations in Canada, enhancing their market reach across North America?

Financing/Investment
Transportation
Undisclosed/Confidential
Closed
11 January 2023