Minneapolis, MN, July 2013 – Spell Capital announces the sale of the Protogenic division of its portfolio company, Spectrum Plastics Group to Tenere, Inc., an affiliate of Watermill Group.
Protogenic, located in Westminster, Colorado, provides high quality rapid prototyping and production-level urethane casting services to over 800 customers annually in the medical, aerospace/defense, electronics/technology, engineering & design and consumer industries. The existing leadership team will continue with the business.
About Spell Capital Private Equity
Spell Capital Private Equity is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses. We use our deep expertise in acquisitions and financing to collaborate with management and grow the businesses in which we invest – both internally and through add-on acquisitions.
About Spell Capital Mezzanine
Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. We finance leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalization and growth initiatives.
For more information about this transaction, please contact Bill Spell, President, at bill@spellcapital.com.