Minneapolis, MN, April 2014 – Spell Capital announces the sale of the Arrow Manufacturing Division of its portfolio company, Premier Precision Group, to Chandler Industries, Inc., a portfolio company of Arch Equity Partners.
The Arrow Manufacturing Division, located in Littleton, Colorado provides high precision machined components principally to the aerospace and medical industries. The Arrow Division occupies 96,000 square feet of production space and employs approximately 80 people. The existing leadership team will continue in their roles as operators of 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, recapitalizations and growth initiatives.
For more information about this transaction, please contact Jim Rikkers, Senior Managing Director, at [email protected].