Spell Capital Mezzanine Announces an Investment in All Safe

Minneapolis, MN, July 2013 – Spell Capital Mezzanine (“Spell”) is pleased to announce a $4.0 million investment in American Cylinder, Inc., (DBA “All Safe” or the “Company”) in support of a strategic financing of the Company.

All Safe is a national distributor of compressed gas cylinders and valves; provides cylinder re-certification, refurbishment and recycling services; and provides full-service Federal Department of Transporation authorized hydrostatic test facility and fire extinguisher/protection services. The Company distributes products to a wide range of commercial customers in the U.S. and certain international markets. Diverse end markets include
consumer beverage, industrial, life safety/fire, commercial beverage, alternative fuels, medical and recycling. All Safe is headquartered in Wyoming, Minnesota.

“All Safe was very impressed with Spell’s attentiveness and dedication throughout the entire transaction. They played a key leadership role which helped facilitate an efficient and thorough due diligence process for all parties,” stated Matt Boettner, CEO and owner of All Safe.

“Spell is excited to partner with All Safe, ” said Mark McDonald, Managing Director at Spell. “We believe that the Company’s significant technical knowledge and well rounded combination of product and service offerings, combined with strong market fundamentals, position All Safe well for continued profitable growth.”

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, recapitalizations and growth initiatives.

For more information about this transaction, please contact Mark McDonald, Managing Director mark@spellcapital.com.

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