NEW YORK–(BUSINESS WIRE)–Funds managed by Kelso & Firm (“Kelso”) have acquired Silver Spur Company (“Silver Spur”), a provider of specialty glass and plastic packaging. Silver Spur might be mixed with Kelso’s present investments in C.L. Smith and Inmark, distributors of inflexible container and life sciences packaging merchandise. Monetary phrases of the personal transaction weren’t disclosed.
Headquartered in Cerritos, CA, Silver Spur is a stocking distributor of glass and plastic packaging merchandise serving quite a lot of finish markets, with a specialization in glass bottles utilized in nutraceutical and pharmaceutical functions. Silver Spur’s 115,000 sq. foot warehouse presents prospects just-in-time entry to an intensive assortment of merchandise sourced through the corporate’s world community of vendor relationships. Silver Spur additionally gives customized design and different value-added providers and is dedicated to delivering best-in-class availability, buyer care, and responsiveness. Silver Spur’s present crew will stay in place to take care of these excessive requirements and drive the corporate’s subsequent part of development.
“The Silver Spur crew has efficiently executed on a differentiated development technique centered on sourcing, stocking, and distributing high-quality specialty packaging merchandise to prospects with numerous wants,” mentioned Sandy Osborne, Managing Director at Kelso. “The mix of Silver Spur with C.L. Smith and Inmark will enhance our product availability, broaden our geographic and finish market protection, and help the continued enhancement of our buyer worth proposition,” added Alec Hufnagel, Managing Director at Kelso.
Loeb and Loeb LLP served as authorized advisor to Kelso.
Mesirow served as monetary advisor to Silver Spur. Proskauer Rose LLP served as authorized advisor to Silver Spur.
About Silver Spur
Based in 1978 and headquartered in Cerritos, CA, Silver Spur provides a specialty portfolio of high-quality glass and plastic bottles, jars, caps, and closures to quite a lot of finish markets. Silver Spur has developed a big, numerous, and rising buyer base with quite a few direct and distribution relationships all through the U.S. For extra data, please go to silverspurcorp.com.
About C.L. Smith
C.L. Smith is a premier inflexible packaging supplier with over 45 years of business expertise. Headquartered in St. Louis, MO, C.L. Smith gives full stocking distribution, customized packaging design and manufacturing, and turnkey hazardous materials transport options. Distinctive buyer care and repair are core to C.L. Smith’s operational philosophy and company tradition. For extra data, please go to www.clsmith.com.
For over 45 years, Inmark has been a trusted supply for inflexible container, temperature-controlled, specimen transport, used medical gadget, and harmful items packaging. Headquartered in Atlanta, GA with places in Europe, Asia, and North America, Inmark has grow to be a revered chief in creating packaging options for companies globally. For extra data, please go to www.inmarkpackaging.com.
Kelso is among the oldest and most established companies specializing in personal fairness investing. Since 1980, Kelso has invested over $15 billion of fairness capital in 132 transactions. Kelso was based by the inventor of the Worker Inventory Possession Plan (ESOP) and, in consequence, the ideas of partnership and alignment of curiosity function the muse of the agency’s funding philosophy. Kelso advantages from a profitable funding observe file, deep sector experience, a long-tenured and secure investing crew, and a status as a most well-liked associate to administration groups and company companions. Kelso has vital expertise investing in and supporting high-growth distribution and packaging platforms. The agency relies in New York, NY. For extra data, please go to www.kelso.com.