Comprehensive Logistics Co LLC has secured a $25 million mezzanine debt investment from PineBridge Structured Capital. CLI is a third-party logistics firm that provides engineered warehouse, assembly and supply chain performance management services for the automotive, agricultural and industrial manufacturing sectors.
New York, 29 January 2018 – PineBridge Structured Capital announced today that it has completed its first investment for 2018, a $25.0 million mezzanine debt investment in Comprehensive Logistics Co., LLC (“CLI”) as part of a refinancing transaction. CLI is a growing third-party logistics firm providing engineered warehouse, value-added assembly and supply chain performance management services to the automotive, agricultural and industrial manufacturing industries. CLI manages more than 3.6 million square feet of operating space across 20 facilities throughout the Midwest and Southeast in the United States and Canada.
PineBridge Structured Capital provides customized, non-control junior capital solutions to privately owned middle market companies. The group’s approach is to be a flexible and constructive business partner to private business owners and financial sponsors, focusing on situations that meet the following criteria:
Company Size: EBITDA of $5 – $75 million
Securities: Second Lien Debt, Subordinated Debt, Holding Company-Level Debt, Preferred Equity, Common Equity
Investment Size: $10 – $75 million
Geography: North America focus
About PineBridge Investments
PineBridge Investments is a private, global asset manager focused on active, high-conviction investing. The firm draws on the collective power of our experts in each discipline, market, and region of the world through an open culture of collaboration designed to identify the best ideas. Our mission is to exceed clients’ expectations on every level, every day. As of 30 September 2017, the firm managed US$88.6 billion across global asset classes for sophisticated investors around the world.