Kelvin Pennington
President at Krannert School of Management
Profile
Mr. Pennington joined IMB in 2010 as a senior advisor and investor and joined full-time as a Managing Director in 2020.
He is currently a Managing Director and Chief Investment Officer (CIO) for the firm.
Kelvin has over 35 years of experience in private equity and leveraged buyouts and has invested over $500 million in over 20 platform investments and add-on acquisitions.
Prior to IMB, Kelvin was the Founder and Managing Principal of Pennington Partners & Co. (“PPC”) since 1990.
PPC and its affiliate partnerships provided private equity investment management and financial consulting services to lower middle market sized companies.
From 1982 to 1990, Mr. Pennington worked for Prudential Capital Corporation in various capacities, including Vice President of Corporate Finance responsible for originating and managing investments in middle market leveraged buyouts.
Mr. Pennington received a BS in Industrial Management from Purdue University and an MBA from the University of Chicago Booth School of Business.
Kelvin Pennington active positions
Companies | Position | Start |
---|---|---|
IMB Development Corp. LLC
IMB Development Corp. LLC Investment ManagersFinance IMB Development Corp. LLC (IMB Partners) is a private equity firm founded in 2010 by Thomas H. Castro and Tarrus L. Richardson. The firm is headquartered in Bethesda, Maryland. | Private Equity Investor | 31/12/2009 |
Krannert School of Management | President | 29/02/2004 |
Purdue Research Foundation
Purdue Research Foundation Miscellaneous Commercial ServicesCommercial Services Purdue Research Foundation manages and licenses intellectual property, administers trusts, acquires property, negotiates research contracts and performs other services. The organization was founded in 1930 and is headquartered in West Lafayette, IN. | Director/Board Member | 31/12/2010 |
Former positions of Kelvin Pennington
Companies | Position | End |
---|---|---|
Pennington Partners & Co.
Pennington Partners & Co. Investment ManagersFinance Pennington Partners & Co. (Pennington Partners) is a private equity firm founded in 1992 by Brian Gaister & Rodd Macklin. The firm is headquartered in Chicago, Illinois. | Founder | 30/01/2020 |
POPEYES LOUISIANA KITCHEN INC | Director/Board Member | 31/12/2013 |
Prudential Capital Corp.
Prudential Capital Corp. Financial ConglomeratesFinance Prudential Capital Corp. provides investment services. The private company is based in Lipa City. | Private Equity Investor | 31/12/1989 |
Training of Kelvin Pennington
The University of Chicago Booth School of Business | Masters Business Admin |
Purdue University | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
Private companies | 5 |
---|---|
IMB Development Corp. LLC
IMB Development Corp. LLC Investment ManagersFinance IMB Development Corp. LLC (IMB Partners) is a private equity firm founded in 2010 by Thomas H. Castro and Tarrus L. Richardson. The firm is headquartered in Bethesda, Maryland. | Finance |
Pennington Partners & Co.
Pennington Partners & Co. Investment ManagersFinance Pennington Partners & Co. (Pennington Partners) is a private equity firm founded in 1992 by Brian Gaister & Rodd Macklin. The firm is headquartered in Chicago, Illinois. | Finance |
Prudential Capital Corp.
Prudential Capital Corp. Financial ConglomeratesFinance Prudential Capital Corp. provides investment services. The private company is based in Lipa City. | Finance |
Popeyes Louisiana Kitchen, Inc.
Popeyes Louisiana Kitchen, Inc. RestaurantsConsumer Services Popeyes Louisiana Kitchen, Inc. engages in the development, management, and franchise of quick-service restaurants. It operates through its brands named Popeyes, Louisiana Kitchen, and Popeyes Chicken & Biscuits. The company was founded by Alvin C. Copeland Sr. in 1972 and is headquartered in Miami, FL. | Consumer Services |
Purdue Research Foundation
Purdue Research Foundation Miscellaneous Commercial ServicesCommercial Services Purdue Research Foundation manages and licenses intellectual property, administers trusts, acquires property, negotiates research contracts and performs other services. The organization was founded in 1930 and is headquartered in West Lafayette, IN. | Commercial Services |
- Stock Market
- Insiders
- Kelvin Pennington