Kelso & Co completed the acquisition of a majority stake in Inovar Packaging Group from AEA Investors.

Kelso & Co, a private equity firm, completed the acquisition of a majority stake in Inovar Packaging Group, a provider of pressure-sensitive labels, shrink sleeves and flexible, from AEA Investors, a private equity firm. Financial terms were not disclosed. “Kelso is the perfect partner to support Inovar’s next stage of growth. 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,” Jeff Brezek, Inovar Chairman and CEO.