# SilverBox Corp V

SilverBox Corp V is an Asset Manager based in United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** United States
- **Region:** North America
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

Joe Reece and Stephen Kadenacy established SilverBox in 2018 after identifying a gap in the SPAC market: founder-led companies that needed public-company infrastructure, not just a listing. Reece previously led equity capital markets at UBS and held senior roles at Jefferies; Kadenacy was president and COO of AECOM, a Fortune 500 engineering firm. That combination—capital-markets execution and hands-on operational leadership—shaped SilverBox's strategy from day one. The firm operates through a series of SPAC vehicles, with SilverBox Corp V being a continuation of that sequential platform. SilverBox structures its vehicles as blank-check companies raising capital in the $150 million to $350 million range, then searching for a single target to merge with and take public. The stated focus spans consumer, industrials, and business-services sectors, with a preference for companies generating meaningful revenue, led by founders or management teams seeking a partner who can serve on the board and advise on operational scaling. The firm's most visible deal closed in February 2022: SilverBox Engaged Merger Corp I completed a business combination with Black Rifle Coffee Company, the veteran-founded coffee brand, resulting in its NYSE listing. Other completed combinations include the combination with Boxed, the bulk-goods e-commerce platform, which went public via a SilverBox vehicle in 2021 before subsequently encountering liquidity challenges—a outcome that tested the firm's post-merger operating thesis. As of early 2026, the SilverBox platform has launched five numbered vehicles and several co-sponsored entities. The firm maintains its base in Austin, Texas, though the lack of a current corporate website as of mid-2026 limits visibility into team headcount and aggregate deployment. Adjacent to the core SPAC sequence, the founders participate as operating executives and board directors of their de-SPAC companies, making the post-close governance relationship the primary vehicle for ongoing involvement rather than a separate advisory entity. Recent public filings show SilverBox Corp V raised approximately $230 million in its February 2024 IPO, with the SPAC still in its search phase as of the most recent SEC disclosures. SilverBox's structural differentiator is the explicit pairing of a Wall Street capital-raiser with a Fortune 500 operator inside the sponsor entity. Most SPAC sponsors skew heavily toward either finance (ex-private equity, ex-hedge fund) or celebrity/athlete branding. Kadenacy's experience as COO of a publicly traded company with 50,000 employees—managing P&Ls, government contracts, and global supply chains—offers merger targets a governance partner who has actually done the job. However, the firm's reliance on the sequential SPAC model means SilverBox Corp V's fate, like its predecessors, hinges on a single de-SPAC transaction, concentrating sponsor economics and reputational risk in one decision.

## People

- Joe Reece — Co-Founder and CEO
- Stephen Kadenacy — Co-Founder and Chairman

## Questions

### What kind of target is SilverBox Corp V seeking?

According to its SEC filings, SilverBox Corp V is pursuing a business combination with a founder-led company in consumer, industrials, or business services. The sponsors have stated a preference for targets with established revenue, strong unit economics, and management teams that want an operating partner on the board, not just a public listing. The firm does not limit its search by geography, though prior SilverBox targets have been US-headquartered.

### What prior SilverBox vehicles have completed deals?

SilverBox Engaged Merger Corp I combined with Black Rifle Coffee Company in February 2022, listing it on the NYSE. An earlier SilverBox vehicle merged with Boxed, the e-commerce platform, in 2021. SilverBox Corp III completed a business combination with a target in the industrials sector, while SilverBox Corp IV searched in the consumer and retail space. Several vehicles, including SilverBox Corp IV, returned capital to shareholders after failing to find a suitable target within the SPAC deadline.

### Why does a target company choose a single-sponsor SPAC like SilverBox over a private equity sale?

A SPAC merger offers a founder liquidity and continued equity upside while retaining operational control, which a private equity sale often dilutes. SilverBox specifically markets the fact that its sponsors are not deploying a firm-level fund—there is no limited-partner pressure to exit on a fixed timeline. The primary economic alignment comes from the sponsor promote and the shares Reece and Kadenacy hold, which vest over time, creating a multi-year partnership rather than a three-to-five-year flip.

## Related profiles

- [Axiom Intelligence Acquisition Corp 1](https://altss.com/profile/axiom-intelligence-acquisition-corp-1)
- [Western Asset High Income Opportunity Fund](https://altss.com/profile/western-asset-high-income-opportunity-fund-inc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/silverbox-corp-v

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology