08.01.2024
Inovar Packaging Group, LLC (“Inovar”) has acquired The Kennedy Group, LLC (“The Kennedy Group”), a premier label and packaging platform with two facilities based in Willoughby, OH and one in Levittown, PA. The acquisition marks a significant milestone in Inovar’s growth strategy, as this is its tenth platform acquisition, and it further expands Inovar’s presence in the Midwest and Northeast regions.
The Kennedy Group, which has a well-known reputation for being a highly innovative, customer-focused, and employee-oriented business, primarily focuses on serving mid-sized and large accounts in the beverage, agriculture, automotive, food, supply chain, healthy & beauty, industrial, and household industries. It adds significant capabilities to the Inovar platform that includes industry-leading pressure sensitive, roll-fed, and RFID label capabilities. Additionally, their talented and experienced leadership team will help continue to bolster the leadership team currently at Inovar.
“As we build-out our platform, we continually seek opportunities to enter additional markets, attract new customers, and enhance our value as a trusted supplier by acquiring businesses that add new capabilities and production scale, while also expanding our services offering,” said Jeff Brezek, CEO of Inovar. “The acquisition of The Kennedy Group is particularly attractive given their outstanding reputation as an innovative and customer focused organization. This combination boosts our production and distribution capacity in new regions and extends our capabilities with additional roll-fed, pressure sensitive, RFID, and sustainability solutions. Above all, both organizations are comprised of incredibly talented and dedicated people who make everything we do possible. We are thrilled to partner together.”
Founded in 1974 by Bert Kennedy and Mary Lou Kennedy, The Kennedy Group is led today by Bert and Mary Lou’s sons, Mike Kennedy, Pat Kennedy, and Todd Kennedy.
Pat and Todd Kennedy, along with the rest of The Kennedy Group leadership team, will continue to run the business in partnership with Inovar. Mike Kennedy will continue to support The Kennedy Group and Inovar in an advisory role. They are confident that Inovar is the right fit for their customers and employees to work with during the company’s next phase of growth. “We are excited to bring The Kennedy Group’s 50 years of industry leadership to partner with Inovar. We believe combining these two companies under one platform creates a best-in-class organization for our valued customers, employees, and the label industry overall,” stated the brothers.
Greenburg & Traurig, LLP served as legal counsel to Inovar, and Mesirow Investment Banking was the exclusive financial advisor to The Kennedy Group on this transaction.
