Spell Capital Mezzanine Announces an Investment in Learn It Systems

Minneapolis, MN, February 2014 – Spell Capital Mezzanine (“Spell”) is pleased to announce a $5.0 million subordinated debt and $.45 million preferred equity investment in Learn It Systems (“Learn It” or the “Company”) to support two add-on acquisitions. Learn It is owned by the founding CEO and equity sponsor Milestone Partners.

Learn It, headquartered in Baltimore, MD, provides academic support and special education services focused on autism. Clients range from infants to young adults in the home, school or other settings. The Company contracts with schools to: (i) manage their special education departments; (ii) mange their special education classes; and (iii) provide staffing of therapists. Comprehensive services for children with autism and related communication disorders include consultative services, early intervention and educational services, after school programs, outpatient speech, language and occupational therapies, and social skills programs.

“We are excited about the opportunity to partner with the CEO, management and Milestone,” said Mark McDonald, Managing Director at Spell. “Learn It is in a very attractive sector as their market is highly fragmented, there is an increasing need for quality services and there are more incidences of children diagnosed with autism today.”

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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