New York, NY, October 8, 2020 – Churchill Asset Management (“Churchill”) today announced that it served as Joint Lead Arranger for a first lien credit facility to support the acquisition of AMLRS Holdings, Inc. (“AML RightSource” or the “Company”) by Gridiron Capital, LLC (“Gridiron Capital”).
Founded in 2004 and headquartered in Cleveland, OH, AML RightSource is an outsourced provider of anti-money laundering (“AML”), Bank Secrecy Act and financial crimes compliance solutions for banks and other financial institutions. The Company’s offerings include transaction monitoring and enhanced due diligence services to assist clients in implementing best-in-class practices to better manage the dynamic regulatory environment surrounding AML and financial crimes compliance. Through its differentiated co-sourcing and outsourcing delivery models, AML RightSource delivers more cost-effective offerings than the competition and provides financial institutions with flexibility and AML expertise which are unavailable in-house.
The financing represents the third transaction which Churchill’s senior loan team has completed in support of a Gridiron Capital portfolio company. Headquartered in New Canaan, CT, Gridiron Capital is a leading investment firm focused on partnering with founders, entrepreneurs, and management teams.
About Churchill Asset Management LLC
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $24 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 80 professionals in New York, Charlotte and Chicago. More information can be found at www.churchillam.com.
About Gridiron Capital, LLC
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values, and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Additional information is available on the firm’s website: www.gridironcapital.com.
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This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Financial professionals should independently evaluate the risks associated with products or services and exercise independent judgment with respect to their clients.
Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisors LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.
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