M&A Deal Summary

Kelso Acquires Inovar

On May 24, 2022, private equity firm Kelso acquired packaging company Inovar from AEA Investors

Acquisition Highlights
  • This is Kelso’s 4th transaction in the Packaging sector.
  • This is Kelso’s 65th transaction in the United States.
  • This is Kelso’s 11th transaction in Texas.

M&A Deal Summary
Date 2022-05-24
Target Inovar
Sector Packaging
Buyer(s) Kelso
Sellers(s) AEA Investors
Deal Type Secondary Buyout

Target

Inovar

Dallas, Texas, United States
Inovar is a large custom printer/converter in the south-central US. Inovar manufactures a wide array of pressure-sensitive labels, tags, and screen-printed products. Inovar's focus is on superior quality for value-added applications for a very diverse customer base in the food, beverage, automotive after-market, chemical, and retail industries. Inovar was founded in 1964 and is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 76 of 81
Sector (Packaging) 4 of 4
Type (Secondary Buyout) 20 of 22
State (Texas) 11 of 11
Country (United States) 65 of 70
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Refresh Mental Health

Jacksonville Beach, Florida, United States

Refresh Mental Health through its centers provides comprehensive mental health services, while some specialize in eating disorders, substance abuse, Transcranial Magnetic Stimulation (TMS), and neurofeedback services. Refresh invests in clinical professionals. The company not only provides financial backing but also support practices with business and marketing infrastructure. Refresh Mental Health was formed in 2017 and is based in Jacksonville Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 PE GI Solutions

Jamison, Pennsylvania, United States

PE GI Solutions is a developer, manager, and owner of freestanding, single-specialty endoscopic Ambulatory Surgery Centers in partnership with practicing physicians and hospitals. PE GI Solutions was founded in 1998 and is based in Jamison, Pennsylvania.

Sell -

Seller(S) 1

SELLER

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.

DEAL STATS #
Overall 70 of 78
Sector (Packaging) 5 of 5
Type (Secondary Buyout) 31 of 34
State (Texas) 6 of 7
Country (United States) 66 of 71
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 OMEGA Environmental Technologies

Irving, Texas, United States

OMEGA Environmental Technologies is an aftermarket distributor of climate control products and other mission-critical components across the light and heavy-duty automotive sectors. OMEGA Environmental Technologies was founded in 1989 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Sparrows Offshore

Aberdeen, United Kingdom

Sparrows Offshore is a supplier of crane and lifting equipment maintenance and support services to the offshore oil & gas sector. It has presence in the North Sea, Gulf of Mexico, South America, Caspian, Middle East, West Africa and Asia/Pacific regions.

Sell -
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