HC Private Investments, a Chicago-based private investment firm, has entered a strategic partnership with Customized Distribution LLC, a Southeast-based dedicated logistics company serving the quick service restaurant industry.
The investment from HCPI will be used to accelerate CDI’s growth and expand the business geographically. The firm hopes to expand the existing customer base and begin digital transformation into a technology-led logistics, distribution and delivery business.
CDI currently offers logistics and planning, warehousing and last-mile distribution to over 1,100 quick service restaurants across 12 states and operates 400,000 square feet of distribution facilities.
“We are thrilled to be partnering with Dick and his team to support CDI’s continued growth and geographic expansion,” said HCPI partners John Kelly and Matthew Moran. “CDI provides a full-service value-add alternative to national broadline food distributors with their focused customer service and complete product offering.”
Winston & Strawn LLP served as legal counsel to HCPI. Wintrust Financial Corporation provided debt financing for the transaction.