Kelso Fund XI Announces Investment in Inovar
May 23, 2022
Kelso is pleased to announce that certain of our affiliate funds have acquired a majority interest in Inovar Packaging Group (“Inovar”), a full-service provider of pressure sensitive labels, shrink sleeves and flexibles for a wide range of industries. Headquartered in Dallas, TX, Inovar is one of North America’s premier label printing and packaging solution companies. With seven nationwide locations working closely together, Inovar offers a broad range of products, services, and technologies with a central focus on providing unparalleled quality, customer service, and flexibility to consistently meet customer needs.
DALLAS--(BUSINESS WIRE)--Inovar Packaging Group (“Inovar” or the “Company”), a full-service provider of pressure sensitive labels, shrink sleeves and flexibles for a wide range of industries, announced today that funds managed by Kelso & Company (“Kelso”) have acquired a majority interest in the Company. Inovar was previously a portfolio company of AEA Investors. The Company’s existing management team, led by Executive Chairman and CEO Jeff Brezek, will continue to lead the company, and remain significant owners of the company alongside Kelso.
“Kelso is the perfect partner to support Inovar’s next stage of growth,” said Jeff Brezek, Inovar’s Executive Chairman and CEO. “We are fully aligned on the near and long-term vision for Inovar, which will provide increased value for our customers and more opportunities for our people, while strengthening our position as the partner of choice for other label and packaging companies seeking to join a premier, nationwide platform,” added Brezek.