Commercial Real Estate & Renewable Energy FinanceYour Subtitle text
News Releases
The Churchill Companies Complete $8.6 Million Construction Financing for California Solar Powered Schools
San Benito County, California to construct solar renewable energy systems. Construction loan for nine schools funded by The Churchill Companies.
CLEARWATER, Fla., July 27, 2011 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of its newest solar transaction for the Hollister School District in various locations throughout San Benito County, California.
Churchill provided the initial $7.75 million, or 90 percent, in construction financing for multiple solar panel arrays on nine schools. This project has the capacity to generate a total of 1.43 kW DC, providing green energy in various buildings effectively reducing the school district’s reliance on the grid, energy costs and its impact on the environment. The solar energy installation incorporates solar panels on several canopies, a ground-mount site and a rooftop installation.
In 2010, the city of Hollister constructed a 1.2 MW DC solar powered water treatment plant and this installation is the next step in making this progressive city a leader in renewable energy.
“This marks the 18th public educational institution we’ve helped to secure sustainable energy. We are seeing increasing interest in renewable installations from forward-thinking school systems and commercial operations. We’re pleased that our expertise in structuring and closing loans for renewable energy systems continues to fit the needs of these projects from top to bottom,” stated Churchill President and Chief Executive Officer Keith Gloeckl.
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San Benito County, California to construct solar renewable energy systems. Construction loan for nine schools funded by The Churchill Companies.
CLEARWATER, Fla., July 27, 2011 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of its newest solar transaction for the Hollister School District in various locations throughout San Benito County, California.
Churchill provided the initial $7.75 million, or 90 percent, in construction financing for multiple solar panel arrays on nine schools. This project has the capacity to generate a total of 1.43 kW DC, providing green energy in various buildings effectively reducing the school district’s reliance on the grid, energy costs and its impact on the environment. The solar energy installation incorporates solar panels on several canopies, a ground-mount site and a rooftop installation.
In 2010, the city of Hollister constructed a 1.2 MW DC solar powered water treatment plant and this installation is the next step in making this progressive city a leader in renewable energy.
“This marks the 18th public educational institution we’ve helped to secure sustainable energy. We are seeing increasing interest in renewable installations from forward-thinking school systems and commercial operations. We’re pleased that our expertise in structuring and closing loans for renewable energy systems continues to fit the needs of these projects from top to bottom,” stated Churchill President and Chief Executive Officer Keith Gloeckl.
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The Churchill Companies Announce the Closing of $10.45 Million in Construction Financing for Three Affordable Housing Developments in South Carolina
Private equity investors commit to the development of 152 units of affordable housing.
CLEARWATER, Fla., June 21, 2011 – The Churchill Companies, a financier of commercial real estate and renewable energy installations announces the closing of three construction loans to build 152 units of affordable housing in three communities to be developed in Myrtle Beach, Rock Hill and Columbia, South Carolina.
Bay Point II Apartments located in Myrtle Beach will have four buildings offering 56 two and three bedroom low-income housing tax credit (LIHTC) apartments. Rock Point Apartments in Rock Hill will offer 48 LIHTC units in four residential buildings. Madison Station II in Columbia will contain 48 two and three bedroom LIHTC homes in three buildings. These developments bring much-needed affordable housing to the several communities in South Carolina.
Churchill Mortgage Investment, LLC, a subsidiary of The Churchill Companies, arranged the financing utilizing private debt with several investors participating in the construction loans.
Keith Gloeckl, President and CEO of The Churchill Companies commented, "We continue to offer outstanding service while providing both debt financing and tax credit syndication to our valued long-standing clients while we work hard to forge new relationships that promote the creation of affordable housing.”
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Bay Point II Apartments located in Myrtle Beach will have four buildings offering 56 two and three bedroom low-income housing tax credit (LIHTC) apartments. Rock Point Apartments in Rock Hill will offer 48 LIHTC units in four residential buildings. Madison Station II in Columbia will contain 48 two and three bedroom LIHTC homes in three buildings. These developments bring much-needed affordable housing to the several communities in South Carolina.
Churchill Mortgage Investment, LLC, a subsidiary of The Churchill Companies, arranged the financing utilizing private debt with several investors participating in the construction loans.
Keith Gloeckl, President and CEO of The Churchill Companies commented, "We continue to offer outstanding service while providing both debt financing and tax credit syndication to our valued long-standing clients while we work hard to forge new relationships that promote the creation of affordable housing.”
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The Churchill Companies Provide $4.4 Million Financing for Delaware’s Largest PV Solar Panel Installation
The largest solar rooftop energy system in Delaware is installed at University of Delaware campus bearing the country’s oldest solar laboratory. Construction financing for the renewable energy system funded by The Churchill Companies.
CLEARWATER, Fla., March 16, 2011 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of a solar power transaction for University of Delaware (UD) in Newark, Delaware.
Churchill provided $4.4 million in construction financing for roof mount PV solar panels on seven campus buildings. The solar array atop the Delaware Field House, the campus’ athletic complex, becomes the state’s largest single solar energy system. The entire photovoltaic energy system has the capacity to produce a total of 1,035,000-kilowatt hours of electricity annually, which is expected to reduce UD’s carbon footprint by 1.8 million pounds of carbon dioxide.
The University is designated by the U.S. Department of Energy as a 'national center of excellence' in solar electric power. In the early 1990s, the U.S. government named UD a "Center for Excellence" in solar education and research. The University's solar program started in the early 1970s.
“Churchill is seeing a lot of activity in the renewable market and financing this project is a testament to our ability to be competitive as well as trusted to deliver on key installations,” stated Keith Gloeckl, Churchill Chief Executive Officer and President.
Churchill provided $4.4 million in construction financing for roof mount PV solar panels on seven campus buildings. The solar array atop the Delaware Field House, the campus’ athletic complex, becomes the state’s largest single solar energy system. The entire photovoltaic energy system has the capacity to produce a total of 1,035,000-kilowatt hours of electricity annually, which is expected to reduce UD’s carbon footprint by 1.8 million pounds of carbon dioxide.
The University is designated by the U.S. Department of Energy as a 'national center of excellence' in solar electric power. In the early 1990s, the U.S. government named UD a "Center for Excellence" in solar education and research. The University's solar program started in the early 1970s.
“Churchill is seeing a lot of activity in the renewable market and financing this project is a testament to our ability to be competitive as well as trusted to deliver on key installations,” stated Keith Gloeckl, Churchill Chief Executive Officer and President.
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The Churchill Companies, Commercial Real Estate Mortgage and Equity Firm, Celebrates Five Year Anniversary
CLEARWATER, Fla., February 23, 2011 – The Churchill Companies, a financier of commercial real estate and renewable energy installations celebrates its five-year anniversary and welcomes Angela Hatcher to the team.
During the last five years, the company has successfully expanded its presence in multifamily and renewable energy finance and the tax credit equity markets through a combination of market-specific product development, the forming of key strategic alliances and providing unsurpassed client service; all achieved through the difficult lending and investment environment of the past several years.
Keith Gloeckl, President and CEO of The Churchill Companies commented, "“I am very fortunate to be surrounded by such talented and dedicated employees without whom none of our growth would be possible. Our team has worked diligently to develop and maintain meaningful customer relationships that are truly the recipe to our success.
With the recent addition of Angela Hatcher as Associate Vice President, the company gains an industry veteran who has specialized in the development of affordable housing for the past 15 years. Ms. Hatcher brings expertise in locating and structuring financing for affordable housing developers
Prior joining The Churchill Companies, Ms. Hatcher owned a consulting and development company. Previously, she served as Housing Administrator for the largest affordable housing lender in Florida. As Housing Administrator for the HOME and Tax Credit Program at Florida Housing Finance Agency, Hatcher was responsible for more than $20 million in HOME funds and Low Income Housing Tax Credits. She also administered pilot programs as appropriated by State Legislature and participated in various speaking engagements on affordable housing.
As a result of its strategic planning, The Churchill Companies expects to add two to three new employees over the next year as the company builds increased momentum after recently introducing its newest entity, Churchill Stateside Group (CSG).
“I’m extremely proud of what we’ve accomplished in our first five years,” says Devin Sanderson, Senior Vice President. “We are excited about what the future holds and we take this year to thank our clients and business partners for our success.”
During the last five years, the company has successfully expanded its presence in multifamily and renewable energy finance and the tax credit equity markets through a combination of market-specific product development, the forming of key strategic alliances and providing unsurpassed client service; all achieved through the difficult lending and investment environment of the past several years.
Keith Gloeckl, President and CEO of The Churchill Companies commented, "“I am very fortunate to be surrounded by such talented and dedicated employees without whom none of our growth would be possible. Our team has worked diligently to develop and maintain meaningful customer relationships that are truly the recipe to our success.
With the recent addition of Angela Hatcher as Associate Vice President, the company gains an industry veteran who has specialized in the development of affordable housing for the past 15 years. Ms. Hatcher brings expertise in locating and structuring financing for affordable housing developers
Prior joining The Churchill Companies, Ms. Hatcher owned a consulting and development company. Previously, she served as Housing Administrator for the largest affordable housing lender in Florida. As Housing Administrator for the HOME and Tax Credit Program at Florida Housing Finance Agency, Hatcher was responsible for more than $20 million in HOME funds and Low Income Housing Tax Credits. She also administered pilot programs as appropriated by State Legislature and participated in various speaking engagements on affordable housing.
As a result of its strategic planning, The Churchill Companies expects to add two to three new employees over the next year as the company builds increased momentum after recently introducing its newest entity, Churchill Stateside Group (CSG).
“I’m extremely proud of what we’ve accomplished in our first five years,” says Devin Sanderson, Senior Vice President. “We are excited about what the future holds and we take this year to thank our clients and business partners for our success.”
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The Churchill Companies Announce the Closing of Affordable Housing Construction Financing in Omak, Washington
Private equity investors commit to the development of 20 units of affordable housing.
CLEARWATER, Fla., January 17, 2011 – The Churchill Companies, a financier of commercial real estate and renewable energy installations announces the closing of a construction loan for 20 units of affordable housing to be developed in Omak, Washington.
Through its subsidiary, Churchill Mortgage Investment, LLC, Churchill arranged the financing utilizing private debt with several investors participating in the construction loan. The investor group was attracted to the Omak development due to the relative safety of the well-collateralized investment opportunity and the record of accomplishment of the parties involved and closed on the transaction satisfied with an excellent market return.
Gregory J. Demars of Honigman Miller Schwartz and Cohn LLP was instrumental in completing the participation agreement for investors. Mr. Demars has long been active in representing parties in construction and permanent financing of affordable housing, commercial real estate and alternative energy projects. He is the co-chair of the Affordable Housing Practice Group and consistently recognized as one of the best lawyers in America.
Keith Gloeckl, President and CEO of The Churchill Companies commented, "We are fortunate to work with a dedicated, visionary team of developers, investors and advisers who are clearly tops in their fields to help bring this project to fruition.” This development brings much-needed affordable housing to the Omak, Washington community.
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The Churchill Companies Announces its
Solar Term Financing Pilot Program
Churchill to provide term financing for small-scale and mid-sized solar installations on a pilot basis throughout the United States. An often-overlooked market has a new alternative for how today’s solar energy systems can be affordably financed.
CLEARWATER, Fla., September 22, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations announces that it has developed a pilot program to finance term loans for small-scale and medium-sized solar developments. Churchill and its affiliates developed the program by utilizing its key strategic relations with several life insurance companies.
The Solar term financing pilot program is designed for energy providers that need long term permanent financing typically in the 1 megawatt to 5 megawatt arena, although larger installations would be acceptable. Typically, these size installations are usually for institutional organizations such as schools and universities or smaller commercial applications such as large warehouses or distribution centers.
“We are pleased to compliment our renewable energy construction program with this solar pilot permanent financing program. There is a real need for competitive permanent financing that addresses this particular marketplace and I trust that this program will start to fill that void,” stated Churchill President Keith J. Gloeckl.
At the Solar Power International 2010 Conference in Los Angeles, California on October 12-14, please stop by our booth number 6310 in Kentia Hall for more information about this financing program.
CLEARWATER, Fla., September 22, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations announces that it has developed a pilot program to finance term loans for small-scale and medium-sized solar developments. Churchill and its affiliates developed the program by utilizing its key strategic relations with several life insurance companies.
The Solar term financing pilot program is designed for energy providers that need long term permanent financing typically in the 1 megawatt to 5 megawatt arena, although larger installations would be acceptable. Typically, these size installations are usually for institutional organizations such as schools and universities or smaller commercial applications such as large warehouses or distribution centers.
“We are pleased to compliment our renewable energy construction program with this solar pilot permanent financing program. There is a real need for competitive permanent financing that addresses this particular marketplace and I trust that this program will start to fill that void,” stated Churchill President Keith J. Gloeckl.
At the Solar Power International 2010 Conference in Los Angeles, California on October 12-14, please stop by our booth number 6310 in Kentia Hall for more information about this financing program.
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The Churchill Companies Close $7.6 Million In
Construction Loans for Affordable Apartment
Community
Churchill provides construction financing for 172 units
of affordable multifamily housing. The High Point, North Carolina community is
slated for completion in 2012.
CLEARWATER, Fla., September 17, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of a construction loan for 172 units of affordable housing to be developed in High Point, North Carolina.
Churchill Mortgage Investment, LLC provided construction financing for the development phases of the Clara Cox apartment community, which will be completed in two phases, with 80 units in phase one and 92 units in phase two. The community will include one-, two- and three-bedroom garden apartments, three-bedroom townhouses, and single-family homes. Amenities include a separate community building, a computer center, exercise and laundry facilities, and a pool and outdoor recreation areas.
“We are so excited to be in a position to begin construction on Clara Cox Homes,” said Vonzennia Gore, High Point Housing Authority vice president of housing development. “We believe that this development will provide much needed affordable housing to the residents of High Point as well as serve as a major catalyst to development in the downtown area. We are extremely appreciative of the tenacity of our development partners who have worked tirelessly to make this a reality.”
“We are very pleased to have been able to provide the financing required for this project and work with one of the Southeast’s leading real estate developers to bring quality affordable housing to the High Point community,” stated Churchill President and Chief Operating Officer Keith Gloeckl.
CLEARWATER, Fla., September 17, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of a construction loan for 172 units of affordable housing to be developed in High Point, North Carolina.
Churchill Mortgage Investment, LLC provided construction financing for the development phases of the Clara Cox apartment community, which will be completed in two phases, with 80 units in phase one and 92 units in phase two. The community will include one-, two- and three-bedroom garden apartments, three-bedroom townhouses, and single-family homes. Amenities include a separate community building, a computer center, exercise and laundry facilities, and a pool and outdoor recreation areas.
“We are so excited to be in a position to begin construction on Clara Cox Homes,” said Vonzennia Gore, High Point Housing Authority vice president of housing development. “We believe that this development will provide much needed affordable housing to the residents of High Point as well as serve as a major catalyst to development in the downtown area. We are extremely appreciative of the tenacity of our development partners who have worked tirelessly to make this a reality.”
“We are very pleased to have been able to provide the financing required for this project and work with one of the Southeast’s leading real estate developers to bring quality affordable housing to the High Point community,” stated Churchill President and Chief Operating Officer Keith Gloeckl.
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The Churchill Companies Close $7.76 Million in Construction Financing for Solar Power Installation Solar panel installation reduces energy costs for a leading research university in Pasadena, California.
Construction financing for renewable energy system funded by The Churchill Companies utilizing conventional financing, equity and Renewable Energy Tax Credits.
CLEARWATER, Fla., June 30, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of its latest solar power transaction for The California Institute of Technology in Pasadena, California. Churchill provided $7.76 million in construction financing for roof mount solar panel arrays on several buildings throughout the campus of one of California’s most respected higher-education institutions. This project has the capacity to generate a total of 1.18-MW DC effectively, providing the university with green energy while reducing its reliance on the grid, energy costs and its impact on the environment.
Churchill provided construction financing for the development phase of The California Institute of Technology’s installation. The project will utilize conventional financing, equity and renewable energy tax credits as the exit strategy for the initial construction financing.
“We are very pleased to continue to close transactions and be very active within the renewable energy market,” stated Churchill President and Chief Operating Officer Keith Gloeckl.
CLEARWATER, Fla., June 30, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of its latest solar power transaction for The California Institute of Technology in Pasadena, California. Churchill provided $7.76 million in construction financing for roof mount solar panel arrays on several buildings throughout the campus of one of California’s most respected higher-education institutions. This project has the capacity to generate a total of 1.18-MW DC effectively, providing the university with green energy while reducing its reliance on the grid, energy costs and its impact on the environment.
Churchill provided construction financing for the development phase of The California Institute of Technology’s installation. The project will utilize conventional financing, equity and renewable energy tax credits as the exit strategy for the initial construction financing.
“We are very pleased to continue to close transactions and be very active within the renewable energy market,” stated Churchill President and Chief Operating Officer Keith Gloeckl.
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The Churchill Companies Announce its Designation as
a Lender for the USDA Rural Rental Housing Program
Churchill has met the requirements of the U.S.
Department of Agriculture and Rural Development (USDA) to provide financing
under the USDA Section 538 Guaranteed Rural Rental Housing Program (GRRHP).
CLEARWATER, Fla., May 26, 2010 – The Churchill Companies, financiers of commercial and multifamily real estate and renewable energy installations, announce it has received approval to provide USDA Section 538 financing to the affordable housing market. This designation signifies that Churchill has demonstrated the capacity to underwrite, originate, process, close, service and manage multifamily housing loans in a prudent manner according to the USDA.
The purpose of the USDA Section 538 program is to increase the supply of affordable rural rental housing for multifamily, seniors and labor housing through the use of loan guarantees that encourage partnerships between rural development, private lenders and public agencies. The USDA Section 538 program has no minimum or maximum loan size and eligible uses of the program include new construction, acquisition with moderate rehabilitation, and revitalization of Section 515 properties. Eligible loan types include construction/permanent or permanent take-out loan. Benefits of the program include its low equity requirements, the option of using a 25-year loan term with 40-year amortization, and compatibility with other financing sources such as 9% tax credits, bonds, HOME funds and HUD vouchers.
Keith J. Gloeckl, President and Chief Operating Officer of The Churchill Companies stated, "We are extremely pleased to offer the 538 program as yet another option for our affordable housing clients."
CLEARWATER, Fla., May 26, 2010 – The Churchill Companies, financiers of commercial and multifamily real estate and renewable energy installations, announce it has received approval to provide USDA Section 538 financing to the affordable housing market. This designation signifies that Churchill has demonstrated the capacity to underwrite, originate, process, close, service and manage multifamily housing loans in a prudent manner according to the USDA.
The purpose of the USDA Section 538 program is to increase the supply of affordable rural rental housing for multifamily, seniors and labor housing through the use of loan guarantees that encourage partnerships between rural development, private lenders and public agencies. The USDA Section 538 program has no minimum or maximum loan size and eligible uses of the program include new construction, acquisition with moderate rehabilitation, and revitalization of Section 515 properties. Eligible loan types include construction/permanent or permanent take-out loan. Benefits of the program include its low equity requirements, the option of using a 25-year loan term with 40-year amortization, and compatibility with other financing sources such as 9% tax credits, bonds, HOME funds and HUD vouchers.
Keith J. Gloeckl, President and Chief Operating Officer of The Churchill Companies stated, "We are extremely pleased to offer the 538 program as yet another option for our affordable housing clients."
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The Churchill Companies Announce its Partnership
with St. James Capital, LLC
Churchill expands its lending solutions for
multifamily real estate developers to include FHA HUD/MAP lending
capabilities. St. James Capital to
become a minority owner in a strategic partnership designed for competitive
advantages in the multifamily lending marketplace.
CLEARWATER, Fla., May 18, 2010 – The Churchill Companies, financiers of commercial and multifamily real estate and renewable energy installations, announces its partnership with St. James Capital, LLC; effective May, 1 2010. St. James Capital, LLC, a Federal Housing Administration (FHA) approved HUD/MAP Lender, will own a minority interest in Churchill Financial. The companies will work together to originate and close FHA insured apartment loans. Churchill will work with its clients throughout the process of securing HUD financing. Churchill’s expansion into FHA lending does not signify it is new to the HUD marketplace as Keith Gloeckl, Churchill’s founder, has more than 20 years of experience managing, originating, underwriting and closing HUD loans.
Both companies offer real estate developers access to a variety of sources of capital for construction, substantial rehabilitation, acquisition or refinancing of apartment properties that are affordable or market-rate communities.
St. James Capital, LLC, is a privately held Michigan company specializing in multifamily housing finance and has served developers nationwide for more than 11 years. St. James principals have combined experience of over 50 years in multifamily finance. “My partner, Nancy Ludwick, and I have known Keith for over twenty years and are excited to be working with him and his team,” stated Mark Wiedelman, President of St. James.
Keith J. Gloeckl, President and Chief Operating Officer of The Churchill Companies stated, "We are extremely pleased to partner with such an experienced FHA lending team. Expanding our product line is another way to deliver excellent service for our clients."
CLEARWATER, Fla., May 18, 2010 – The Churchill Companies, financiers of commercial and multifamily real estate and renewable energy installations, announces its partnership with St. James Capital, LLC; effective May, 1 2010. St. James Capital, LLC, a Federal Housing Administration (FHA) approved HUD/MAP Lender, will own a minority interest in Churchill Financial. The companies will work together to originate and close FHA insured apartment loans. Churchill will work with its clients throughout the process of securing HUD financing. Churchill’s expansion into FHA lending does not signify it is new to the HUD marketplace as Keith Gloeckl, Churchill’s founder, has more than 20 years of experience managing, originating, underwriting and closing HUD loans.
Both companies offer real estate developers access to a variety of sources of capital for construction, substantial rehabilitation, acquisition or refinancing of apartment properties that are affordable or market-rate communities.
St. James Capital, LLC, is a privately held Michigan company specializing in multifamily housing finance and has served developers nationwide for more than 11 years. St. James principals have combined experience of over 50 years in multifamily finance. “My partner, Nancy Ludwick, and I have known Keith for over twenty years and are excited to be working with him and his team,” stated Mark Wiedelman, President of St. James.
Keith J. Gloeckl, President and Chief Operating Officer of The Churchill Companies stated, "We are extremely pleased to partner with such an experienced FHA lending team. Expanding our product line is another way to deliver excellent service for our clients."
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The Churchill Companies Complete $6 Million Construction
Financing for Solar Power Installation at a California University
Solar panel installation reduces energy costs for
historic university in Silicon Valley. Construction
financing for renewable energy system arranged by The Churchill Companies
utilizing conventional financing, equity and Renewable Energy Tax Credits.
CLEARWATER, Fla., April 08, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of its latest solar power transaction for historic Santa Clara University in Santa Clara, California. Churchill provided $6 million in construction financing for roof mount solar panel arrays on California’s oldest operating higher-education institution. This project has the capacity to generate a total of 968-kw hours DC (MW-h) effectively providing green energy in various buildings while reducing the university’s reliance on the grid, energy costs and its impact on the environment.
Churchill provided construction financing for the development phase of Santa Clara University’s installation. The project will utilize conventional financing, equity and renewable energy tax credits as the exit strategy for the initial construction financing.
“It’s gratifying to work on a project that delivers sustainable renewable energy to one of the most historic and illustrious institutions in Silicon Valley,” stated Churchill President and Chief Operating Officer Keith Gloeckl.
CLEARWATER, Fla., April 08, 2010 – The Churchill Companies, a financier of commercial real estate and renewable energy installations, announces the closing of its latest solar power transaction for historic Santa Clara University in Santa Clara, California. Churchill provided $6 million in construction financing for roof mount solar panel arrays on California’s oldest operating higher-education institution. This project has the capacity to generate a total of 968-kw hours DC (MW-h) effectively providing green energy in various buildings while reducing the university’s reliance on the grid, energy costs and its impact on the environment.
Churchill provided construction financing for the development phase of Santa Clara University’s installation. The project will utilize conventional financing, equity and renewable energy tax credits as the exit strategy for the initial construction financing.
“It’s gratifying to work on a project that delivers sustainable renewable energy to one of the most historic and illustrious institutions in Silicon Valley,” stated Churchill President and Chief Operating Officer Keith Gloeckl.
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