The funds affiliated with private equity firm Kelso & Company (Kelso) have acquired a majority interest in Inmark, a distributor of rigid container and life sciences packaging.
Quad-C Management, which is the present majority owner of Inmark, has exited from its investment as part of the deal.
Inmark management and employees will retain significant ownership in the company.
Financial terms of this deal were not disclosed.
Set up in 1975, Inmark has locations in North America, Europe, and Asia.
It began as a distributor of rigid container packaging and then expanded into the design and distribution of life sciences packaging solutions for clinical specimen transport, temperature-controlled, used medical device, and dangerous goods applications.
The firm also offers online regulatory compliance training for transportation of dangerous goods through seminars, webinars, and an online portal.
Inmark CEO Harry Franze said: “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.”
Kelso managing director Sandy Osborne said: “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.”
Kelso managing director Alec Hufnagel said: “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.”
Debevoise & Plimpton acted as legal advisor to Kelso.