Churchill Asset Management served as joint lead arranger and administrative agent for a senior secured credit facility to support the acquisition of Insulation Technology Group (ITG) by TJC.
“Already a global leader, ITG’s recent strategic transformations have positioned the company for continued growth and increased market share, particularly as individuals seek sustainable solutions amidst aging infrastructure and growing power demand,” Kevin Meyer, managing director and head of origination at Churchill, said. “TJC’s hands-on operating strategy will enable ITG to capitalize on the market’s favorable industry tailwinds and usher the Company into its next phase of growth.”
This financing marks the 25th transaction across Churchill’s platform completed in support of TJC, a New York-based middle market private equity firm with approximately $29.7 billion of assets under management and a robust 42-year track record.
