Source Capital Supports Kilroy Partners’ Acquisition of Cheeze Kurls

Source Capital, through its Source Capital Credit Opportunities Fund III, is pleased to announce its investment in Cheeze Kurls (“CK”), a leading private label snack food manufacturing company, with a focus on popcorn, cheese puffs and balls, and other salty snacks. Source Capital supported the acquisition of CK by private equity sponsor Kilroy Partners, providing debt financing and an equity co-investment to finance the transaction.

Founded in 1964 and based in Grand Rapids, MI, CK is regarded as a reliable and innovative partner for a longstanding customer base of grocery and retail customers nationwide. “The Kilroy team brings extensive food manufacturing experience to the company, and we look forward to supporting CK during the company’s next stage of growth,” said Joe Rodgers, Managing Director at Source Capital.

About Kilroy Partners
Kilroy Partners is an operationally-focused private investment firm providing equity capital to companies in the lower-middle market. Kilroy invests in industries they know and leverage their operating resources to partner with management in order to drive operational improvement and create long term value. Kilroy invests across a variety of industries including food, broad manufacturing, industrial services and transportation & logistics and maintain a private network of family offices with whom they collaborate to make and manage direct investments. To learn more about Kilroy, please visit:

About Source Capital, LLC
Source Capital is a private investment firm focused on providing flexible equity and debt capital to lower middle-market companies across a range of industries. Source Capital’s investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 23 equity platform investments, 39 add-on acquisitions and 29 debt investments through three separate credit funds.  To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team.

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