Minneapolis, MN, March 2014– Spell Capital announces an investment in GAF Manufacturing, LLC (“GAF”) dba Midwest Plastic Products. The GAF transaction represents the third portfolio company investment in Spell’s Fund IV.
GAF, with facilities in Wisconsin and Iowa, primarily manufactures and markets plastic drain tile, fittings and pipe accessories. The majority of GAF’s products are sold to farmers and contractors serving the agricultural drainage and commercial tubing
markets. GAF has positioned itself as a quality and price leader in the drain tile industry, delivering a product that is heavier and more durable than competing products.
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 Jim Rikkers, Senior Managing Director, at jim@spellcapital.com.