Kian Capital Transaction Announcement — Sunbelt Packaging

Kian Capital is pleased to announce that it has invested $4.0 million of senior subordinated debt in SunBelt Packaging, LLC (“Sunbelt” or the “Company”) to support the Company’s working capital and expansion needs.

SunBelt, based in York, South Carolina, is a leading distributor of flexible industrial packaging materials, bulk containers and automated packaging equipment. The Company sells its products to industrial and commercial end-users that manufacture, transport or store products in industries that include general manufacturing, food production and mining. SunBelt’s products are used primarily to seal boxes, wrap products in protective films, reduce friction or wear, secure products for transportation, and to carry or stack heavy materials during production or transport. SunBelt is a portfolio company of SouthPointe Ventures, LLC, an Atlanta-based private equity holding company.

Rick Cravey, Partner at Kian Capital, said “SunBelt’s value-added engineering expertise, servicing and sourcing proficiency have cemented the Company’s leading position in the industrial packaging industry. We are very pleased to support SunBelt’s talented management team and are excited about the Company’s long-term growth prospects.”

Ed Fisher, Managing Partner of SouthPointe Ventures, commented “We are excited to partner with Kian Capital and value their broad experience within the lower middle-market. This investment into SunBelt will enable us to accelerate the Company’s growth strategy and take advantage of the exciting opportunities we have in front of us.”