Inovar Packaging Group secures growth investment from Kelso & Company
DALLAS–(BUSINESS WIRE)–Inovar Packaging Group (“Inovar” or the “Company”), a full-service provider of self-adhesive labels, shrink sleeves and hoses for a wide range of industries, today announced that managed funds by Kelso & Company (“Kelso”) acquired a controlling interest in the Company. Inovar was previously a holding company of AEA Investors. The company’s existing management team, led by Executive Chairman and Chief Executive Officer Jeff Brezek, will continue to lead the company and remain a significant owner of the company alongside Kelso.
“Kelso is the perfect partner to support Inovar’s next stage of growth,” said Jeff Brezek, Executive Chairman and CEO of Inovar. “We are fully aligned with Inovar’s short-term and long-term vision, which will deliver increased value to our customers and more opportunities for our employees, while strengthening our position as the partner of choice for other companies in the world. labels and packaging seeking to join a premier, national platform,” added Brezek.
“At Kelso, we seek partnership opportunities with market-leading companies that are managed by best-in-class management teams. Inovar is the leading provider of pressure-sensitive labeling and packaging solutions in the United States, and we are excited to partner with Jeff Brezek and the extended Inovar team to help accelerate the next phase of growth of the company,” said Sandy Osborne, CEO of Kelso.
“The Inovar team has built a truly differentiated business, and we look forward to supporting its growth, both organic and through acquisitions, as it continues to increase its product offering, expand its geographic presence and meet the critical needs of its customers,” added Alec Hufnagel, CEO of Kelso.
Based in Dallas, Texas, Inovar is one of North America’s leading label printing and packaging solutions companies. With seven national locations working closely together, Inovar offers a wide range of products, services and technologies with a focus on delivering unparalleled quality, customer service and flexibility to continually meet to the ever-changing needs of our customers. For more information, visit www.inovarpackaging.com.
Kelso is one of the oldest and most established companies specializing in private equity investing. Since 1980, Kelso has invested approximately $17 billion in equity in 136 transactions. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and therefore the principles of partnership and alignment of interests serve as the foundation of the company’s investment philosophy. Kelso has a track record of successful investing, deep sector expertise, a stable and long-standing investment team, and a reputation as a preferred partner of management teams and business partners. Kelso has considerable experience in investing in and supporting high-growth packaging platforms. The company is based in New York, NY. For more information, visit www.kelso.com.