Kelso & Company has acquired a majority stake in Inmark, a provider of rigid container and life sciences packaging. The seller is Quad-C Management.
ATLANTA–(BUSINESS WIRE)–Inmark, a leading distributor of rigid container and life sciences packaging, today announced that funds affiliated with private equity firm Kelso & Company (“Kelso”) have acquired a majority interest in the company. Quad-C Management, the current majority owner of Inmark, will be exiting its investment as part of the transaction, and Inmark management and employees will be retaining significant ownership in the company. Financial terms of the private transaction were not disclosed.
Inmark is a leading global provider of packaging solutions, with locations in North America, Europe, and Asia. Founded in 1975 as a distributor of rigid container packaging, the company expanded into the design and distribution of life sciences packaging solutions for clinical specimen transport, temperature-controlled, used medical device, and dangerous goods applications. Inmark also provides online regulatory compliance training for transportation of dangerous goods through in-person seminars, webinars, and a proprietary online portal.
Harry Franze, Chief Executive Officer of Inmark commented: “We have assembled an extraordinary team whose commitment to product innovation and customer service has set us apart across the wide range of industries we serve. We are very pleased to begin a new partnership with Kelso. Their industry knowledge and financial support will allow us to continue providing world class service to our customers, while capitalizing on the significant growth opportunities that exist in our markets.”
“At Kelso, we look for opportunities to partner with best-in-class operators with whom we share a track record of success. Inmark is a clear leader in the rigid container and life sciences packaging markets, and we are excited to partner with the company to help accelerate its next phase of growth,” said Sandy Osborne, Managing Director at Kelso.
“The Inmark team has built a truly differentiated business, and we are eager to support its growth, both organically and through acquisitions, as it continues to augment its product offering, expand its geographic presence, and serve the critical needs of its customers,” added Alec Hufnagel, Managing Director at Kelso.
Debevoise & Plimpton LLP served as legal advisor to Kelso.
For over 40 years, Inmark has been a trusted source for rigid container, temperature-controlled, specimen transport, used medical device, and dangerous goods packaging. Headquartered in Atlanta, with locations in Europe, Asia, and North America, Inmark has become a respected leader in developing packaging solutions for businesses globally. To learn more, please visit www.inmarkpackaging.com.
Kelso is one of the oldest and most established firms specializing in private equity investing. Since 1980, Kelso has invested over $15 billion of equity capital in 131 transactions. Kelso was founded by the inventor of the Employee Stock Ownership Plan (ESOP) and, as a result, the principles of partnership and alignment of interest serve as the foundation of the firm’s investment philosophy. Kelso benefits from a successful investment track record, deep sector expertise, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporates. Kelso has significant experience investing in and supporting high-growth distribution and packaging platforms. The firm is based in New York, NY. For more information, please visit www.kelso.com.