Experience

IMB Partners

• United States
• Venture Capital and Private Equity Principals
• 1 - 100 Employee

• Managing Director

  • Jan 2010 - Present

  Kelvin J. Pennington has been an Advisory Board Member to IMB Partners (IMB) since 2010 and a Managing Director in 2020. Founded in 2010, IMB is a private equity independent sponsor focused on making control acquisitions and partnering with management teams to grow lower middle market companies serving electric and gas utilities and government agencies. Kelvin J. Pennington has been an Advisory Board Member to IMB Partners (IMB) since 2010 and a Managing Director in 2020. Founded in 2010, IMB is a private equity independent sponsor focused on making control acquisitions and partnering with management teams to grow lower middle market companies serving electric and gas utilities and government agencies.



Purdue Research Foundation

• United States
• Non-profit Organization Management
• 100 - 200 Employee

• Member of Board of Directors

  • 2011 - Present



Purdue University Daniels School of Management - Dean's Advisory Council

• West Lafayette IN

• President

  • Mar 2004 - Present

  Kelvin J. Pennington has been a member of the Purdue University Daniels School of Management - Dean's Advisory Council since 2004 and its President in 2020. Kelvin J. Pennington has been a member of the Purdue University Daniels School of Management - Dean's Advisory Council since 2004 and its President in 2020.



Pennington Partners & Co

• Greater Chicago Area

• Managing Principal

  • 1990 - Jan 2020

  Kelvin J. Pennington has been the Managing Principal of Pennington Partners & Co. since 1990. Pennington Partners & Co. and its affiliate partnerships provided private equity capital and management advisory services to lower middle market sized companies. Kelvin J. Pennington has been the Managing Principal of Pennington Partners & Co. since 1990. Pennington Partners & Co. and its affiliate partnerships provided private equity capital and management advisory services to lower middle market sized companies.



Popeyes Louisiana Kitchen

• United States
• Restaurants
• 700 & Above Employee

• Member of Board of Directors

  • 1996 - 2014

  AFC Enterprises Inc. (AFC), the predecessor of Popeyes Louisiana Kitchen, was the operator and franchisor of Popeyes Chicken & Biscuits, Churchs Chicken, Cinnabon International, Inc., and Seattle Coffee Company. AFC was the second largest chicken restaurant chain in the U.S. quick service restaurant industry and had over 2,500 franchised and company operated restaurants with operations in over 21 countries. AFC Enterprises Inc. (AFC), the predecessor of Popeyes Louisiana Kitchen, was the operator and franchisor of Popeyes Chicken & Biscuits, Churchs Chicken, Cinnabon International, Inc., and Seattle Coffee Company. AFC was the second largest chicken restaurant chain in the U.S. quick service restaurant industry and had over 2,500 franchised and company operated restaurants with operations in over 21 countries.



Prudential Capital Corporation

• Chicago

• Vice President

  • 1982 - 1990

  Kelvin J. Pennington worked for Prudential Capital Corporation, from which he resigned as a Vice President of Corporate Finance in 1990. While at Prudential Capital Corporation, Mr. Pennington’s responsibilities included all aspects of originating, structuring, managing and ultimately selling investments in middle market leveraged buyouts, as well as making private placements of corporate debt. Kelvin J. Pennington worked for Prudential Capital Corporation, from which he resigned as a Vice President of Corporate Finance in 1990. While at Prudential Capital Corporation, Mr. Pennington’s responsibilities included all aspects of originating, structuring, managing and ultimately selling investments in middle market leveraged buyouts, as well as making private placements of corporate debt.