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PRITZKER TAKES MAJORITY STAKE IN KENCO LOGISTICS

In its first foray into logistics, Chicago-based Pritzker Private Capital will acquire a majority stake in family-owned third-party logistics provider Kenco Logistics, Chattanooga, Tenn. 

According to terms of the deal, Kenco will remain in Chattanooga, and president and CEO Denis Reilly will continue to run the company, which manages more than 100 distribution facilities comprising 36 million square feet of space.

“As the demand for innovative and reliable logistics solutions becomes greater than ever, we have found the ideal partner in Pritzker Private Capital to support our growth and advance our mission to be the preferred supply chain partner in North America,” says Reilly. “From expanding our geographical coverage to investing in important verticals, products and services, Kenco will now be able to capture new opportunities for the benefit of our teams, customers and business partners.”

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