Minneapolis, MN, December 2013– Spell Capital announces Vesta Card Manufacturing has been acquired by American Card Services, which is a portfolio company of Spell Capital Partners.
American Card Services acquired the assets of Vesta Card Manufacturing located in Scottsdale, AZ. Vesta has specialized in the design, printing, personalization, mailing, and distribution of plastic cards for the loyalty, gift, and insurance markets. “Vesta Card brings to us strong customer relations, expertise in
delivering mailing solutions and expanded production capacity”, stated Dave Behnen Jr., president of American Card Services. “We are very excited to work with the team in Arizona to enhance our solution offerings across the ACS platform.”
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 Bill Spell, President, at bill@spellcapital.com or Jim Rikkers, Senior Managing Director, at jim@spellcapital.com.