Audax Private Debt, as joint lead arranger, provided a unitranche credit facility to support Kelso & Company’s acquisitions of C.L. Smith, a distributor of rigid packaging solutions, and Silver Spur, a supplier of specialty glass and plastic packaging. C.L. Smith and Silver Spur will be combined with Kelso’s existing investment in Inmark, a distributor of rigid container and life sciences packaging products.
“Inmark has served as a strategic partner for global customers across a variety of end markets for nearly 50 years,” Peter Stern, managing director at Audax Private Debt, said. “The combination with C.L. Smith and Silver Spur will meaningfully enhance the company’s scale and capabilities.”
“Audax Private Debt has been a collaborative and reliable financing partner, and we’re grateful for their instrumental support throughout this process,” Michael Nichols, a partner at Kelso & Company, said. “We look forward to working together as we pursue future growth opportunities for the combined company.”
