Churchill Acts as Exclusive Lead Arranger for First Lien Credit Facility Facilitating Wynnchurch Capital’s Acquisition of Handgards

Churchill Asset Management (“Churchill” or the “Firm”) announced today its role as the Sole Lead Arranger for a first lien credit facility to facilitate Wynnchurch Capital, L.P.’s (“Wynnchurch”) acquisition of Handgards (the “Company”). Based in El Paso, Texas, Handgards is a prominent distributor of foodservice products, encompassing disposable gloves, reclosable bags, tabletop items, expendables, and other carryout products. With eight operational facilities spanning over one million square feet collectively, the Company annually ships over 18 million cases of products.

“Having been a part of Churchill’s portfolio since 2020, Handgards remains a frontrunner in the market with ample opportunities for future expansion,” remarked Kevin Meyer, Managing Director and Head of Origination at Churchill. “We’re excited to continue our support for Handgards and its proficient management team as they embark on this new phase alongside Wynnchurch.”

This financing marks Churchill’s second collaboration with Rosemont, IL-based Wynnchurch Capital, a distinguished private equity firm managing $9.2 billion in regulatory assets. Since its inception in 1999, Wynnchurch Capital has successfully executed over 135 platform and add-on acquisitions.

“Churchill proved to be an exceptional partner throughout the Handgards transaction,” stated Mike MacKay, Principal at Wynnchurch. “Their extensive familiarity with the Company as an existing lender, combined with their financial strength in committing to the entire senior loan facility, was instrumental in ensuring a swift and seamless execution. We eagerly anticipate further collaboration and partnership with Churchill.”

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