Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Clayton Kendall, Inc. (“CK”) with respect to its sale to PNC Riverarch Capital (“Riverarch”), a middle-market private equity firm affiliated with the PNC Financial Services Group, Inc. (NYSE: PNC). Members of the family will continue to lead the business and remain as shareholders. Terms of the transaction were not disclosed.

Clayton Kendall is a program provider of marketing supply chain programs and marketing products to franchised and multi-unit customers across the US and Canada. The Company manages one-stop-shop programs for customers with a product offering that includes apparel, uniforms, marketing materials, promotional products and signage, all provided through custom white label websites. Headquartered in Monroeville, PA, Clayton Kendall sources product from hundreds of vendors globally, and also has value-add capabilities including, warehousing, fulfillment, kitting, embroidery, design, and more.

Riverarch partnered with brothers and Clayton Kendall founders Dan and Mike Broudy on the investment, who will continue to lead the business.

Dan Broudy, Chief Executive Officer of CK shared, “The Confluence team was great to work with. Their process allowed us to have options and ultimately find a great partner in Riverarch.”

Mike Broudy, Chief Operating Officer of CK shared, “We couldn’t be more thankful to have chosen to work with Confluence. The team led us every step of the way. We could not have done this without them.”

Riverarch is a middle-market private equity firm which invests in privately held companies in North America and Europe. The firm seeks well positioned companies where it can invest in support of leveraged and management buyouts, corporate divestitures, and growth financing. The firm is based in Pittsburgh, Pennsylvania.