Affiliate of Paceline Equity Partners Provides $50 Million Investment to Kelso Industries
Summary
Kelso is a portfolio company of Oxbow Equity Partners ("Oxbow"), a Salt Lake City-based private investment firm, and Peterson Partners ("Peterson"), a Salt Lake City-based investment management firm. The Company is based in Phoenix, Arizona and serves a diverse range of industrial, commercial, and institutional clients across numerous geographies.Sam Loughlin, Chief Executive Officer of Paceline, said "We are excited to contribute to the ongoing expansion of Kelso, a dynamic operating company with a compelling business model and multiple avenues for growth, alongside Oxbow and Peterson. Paceline has significant experience investing in building products and construction sectors, and we look forward to bringing our financial and operational resources to bear to help Kelso scale and accelerate its growth. We are pleased to provide strategic capital to growing operating companies like Kelso, which we believe has attractive geographic and end market exposure. We look forward to supporting Oxbow, Peterson and the Companys management team as they continue to deliver a high level of service to customers and pursue various organic and inorganic growth initiatives.